Comment / OceanX: Zim, CMA and Hapag are eating Mærsk's market share

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For today, it’s all about the closing of this earnings season and the key takeaways for box lines. 

Hapag-Lloyd’s full Q1 numbers released last week confirmed that volumes rose +9%*, greatly outperforming its partner in the Gemini alliance, Mærsk, with its meagre +0.1% comparable growth during the period. 

(*Vs market growth at 4.2%, benchmark CTS estimates.)

And boasting an Ebit/teu of $143, the Germans were also well ahead of the $127-comparable-figure their Danish partner delivered in the first quarter. 

Notably, outside ...