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According to a report by the French shipping market research firm AXS-Alphaliner, the world’s top-10 ocean carriers account for more than 60 per cent of the global container shipping business. It is pointed out that between 2000 and 2007, the container volume handled by these carriers tripled to 7.08 million TEUs and their market share rose from 49.3 per cent to 60.6 per cent. The world shipping business thus is getting increasingly concentrated in a few hands. This is because large carriers keep expanding their capacity, while the smaller carriers, with focus on regional markets and limited financial strength, do not. Larger carriers’ acquisition of smaller carriers have also led to their higher market share, the report adds.

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