Services operated jointly i.e. by alliances usually enjoyed better utilization
than the services operated independently by a single liner. Since 2020,
utilization for alliance services have been 6% points better than the same for
independent services. The utilization for the independently operated services
tend to be more volatile. Wider sales network helps fill vessel capacity, we
figure.
The utilization gap narrowed since December 2020 was just due to diversion of
capacity buildup where the