THE Manila-Singapore container trade carried by members of the Association of International Shipping Lines (AISL) grew 13.7% in the first four months of the year, according to latest data from the association.
From January to April, volume reached 3,726 twenty-foot equivalent units (TEUs) or 449 TEUs more than the 3,277 TEUs in the same period last year.
Pacific Eagle Lines handled the most number of containers on the trade with 1,744 TEUs, up 98.4% compared to the 879 TEUs it carried in 2009. For the period in review, the carrier’s market share of 46.8% almost doubled from last year’s 26.8%.
In second spot with a market share of 11.3% is Hyundai Marine Co, which transported 420 TEUs, 271.7% more than the 113 TEUs shipped in the first four months of 2009. The Korea-based carrier’s market share for 2010 is also higher from a share of 3.4% in 2009.
Occupying third place is TSK (Tokyo Senpaku Kaisha, Ltd). The line carried 387 TEUs, up 6.3% vis-à-vis the 364 TEUs it handled last year. Its 2010 market share of 10.4% is, however, slightly down from last year’s 11.1%.
Korea Marine Transport Co Ltd (KMTC) came in fourth with 293 TEUs, a 236.8% improvement over last year’s 87 TEUs. KMTC accounted for 7.8% of the total pie compared to 2.6% of last year.
Ranked fifth is Orient Overseas Container Lines (OOCL) which carried 260 TEUs, 55.5% lower than the 584 TEUs it handled in 2009. Its market share dipped to 7% from 2009’s 17.8%.
Regional Container Lines placed sixth, transporting 231 TEUs or 3.6% more than the 223 TEUs it shipped last year. The line’s current market share is 6.2%.
Rounding up the top 10 carriers in the Manila-Singapore trade are Hanjin Shipping Corp, which carried 162 TEUs (vs 76 TEUs) representing a market share of 4.3%; K-Line, 101 TEUs (vs 10 TEUs) cornering 2.7% of the market; Heung-A, 61 TEUs (vs 52), 1.6%; and Hapag Lloyd 33 TEUs (vs 51 TEUs), 0.9%.
Meanwhile, TSK, OOCL, K-Line and Hanjin were the only carriers that did business in the Manila-Singapore reefer trade from January to April this year. TSK accounted for 8; OOCL, 2; and K-Line and Hanjin, 1 each.