Carriers operating on Intra-Asia trade see declines in ongoing trade war
By Robert King on 20 August 2018
In the face of the ongoing trade war between the U.S. and China, some major carriers have experienced capacity declines on intra-Asia trade lanes since the start of 2018.
  While the effects of the current U.S -China trade war on capacity have so far been relatively mild, they will likely be felt on the transpacific trade and beyond if retaliatory tariffs covering $50 billion worth of products are maintained between the two super-powers. 
  Although their trade volumes are lower than transpacific capacity numbers, intra-Asia trade lanes remain vitally important, as many products including industrial chemicals, rubber tires, machinery, measuring equipment, parts for motor vehicles and aircraft, and finished transportation equipment are manufactured and packaged for delivery within Asia prior to making transit to the United States. 
  The chart above, using data from BlueWater Reporting’s Capacity Extract, shows a quarterly breakdown of capacity for select carriers operating on intra-Asia trade lanes since the beginning of 2018, ending with the most recent reporting period of August 12, 2018. 
  Based on the nominal capacity of vessels operating on these trades, Maersk Line, MSC, and CMA CGM show a decrease in capacity since the start of 2018. CMA CGM dedicated 358,717 TEUs to intra-Asia trades at the start of 2018, decreasing 5.1 percent to 340,439 TEUs in August. 
  Maersk Line began the year with the largest capacity on intra-Asia trades with 622,126 TEUs and remains the current leading carrier with 579,936 TEUs, a decrease of 6.8 percent. MSC started the year with 501,539 TEUs, but currently shows 433,500 TEUs, down 13.6 percent. 
  Of carriers showing gains over the current year, Evergreen Line shows the largest increase in nominal capacity. Evergreen Line began the year with 205,598 TEUs dedicated to the intra-Asia trades and has increased that number more than 22 percent to 252,583 TEUs. 
  ONE became operational April 1st, but currently ranks third amongst carriers in nominal capacity on intra-Asia trades, remaining steady since the close of the second quarter. 
  Combined, the above referenced carriers accounted for 1,972,887 TEUs of a total 4,706,326 TEUs of nominal capacity, almost 42 percent of Intra-Asia trade for the week ending August 12th, 2018.