7 main companies of the sea transportation market

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6 months ago
7 main companies of the sea transportation market

In the shipping industry, there are 67 shipping companies operating container ships. However, about 90% of the total fleet of these vessels is controlled by only the seven largest corporations.

1. Maersk Line is a Danish international container shipping company. This is the largest company in the world in the number of container ships, with 374 offices in 116 countries. About 31,600 people are employed in the business, of which 7,000 are in shipping. Maersk Line operates more than 786 vessels with a total capacity of 4.1 million TEU containers. Maersk Line organized trade routes around the world — Asia-Europe, South America, Europe and Africa. Market share is 17.6%.

Container ship MUNICH MAERSKContainer ship MUNICH MAERSK

2. MSC (Mediterranean Shipping Company) is a Swiss-Italian international shipping company. This is the second shipping line in the world for shipping. MSC operates 471 container ships with a capacity of 3.7 million TEU containers. MSC has 480 offices in 155 countries around the world with more than 24 thousand employees. Shipping is carried out on more than 200 trade routes, with calls at 315 ports. Market share is 15.9%.

Container ship MSC GÜLSÜNContainer ship MSC GÜLSÜN

3. COSCO (China Ocean Shipping Company) is a Chinese business conglomerate and state-owned enterprise headquartered in Shanghai. The company was formed as a result of the merger of the COSCO Group and China Shipping Group in January 2016. The container shipping department of COSCO Shipping Lines owns 429 container carriers with a capacity of 3.9 million TEU. Market share 12.3%.

Container ship COSCO SHIPPING HIMALAYASContainer ship COSCO SHIPPING HIMALAYAS

4. CMA CGM is a French container shipping company. It is the world's leading transport group, ranking fourth in the world. The headquarters is in Marseille, and the North American headquarters is in Norfolk, USA. The name is an abbreviation of two previous companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM). The container fleet comprises 445 vessels, with a total capacity of 3.5 million TEU. The vessels serve 200 routes and call at 420 ports in 160 countries. Market share 12.1%.

Container ship CMA CGM Marco PoloContainer ship CMA CGM Marco Polo

5. Hapag-Lloyd is a German international container shipping company. The container ship fleet consists of 217 vessels with a total capacity of 1.73 million TEU. The company transports containers along several popular trade routes around the world, and also has a significant presence and brand recognition in Latin America and the Middle East. Currently, Hapag-Lloyd is the largest member of the Alliance created in April 2017, including the Taiwanese corporation Yang Ming and the Japanese company Ocean Network Express. Market share is 7.3%.

Container ship Hapag-Lloyd Valparaiso ExpressContainer ship Hapag-Lloyd Valparaiso Express

6. ONE (Ocean Network Express) is a Japanese container shipping company headquartered in Singapore and Tokyo. Established in 2016 after the merger of Japanese shipping companies Nippon Yusen Kaisha (NYK), Mitsui OSK Lines (MOL) and K Line. The fleet of container ships is 228 ships, with a total capacity of 1.6 million TEU. Along with Hapag Lloyd, Yang Ming and Hyundai Merchant Marine, ONE is a member of THE. Market share of 6.8%.

Container ship ONE HAMBURGContainer ship ONE HAMBURG

7. Evergreen (Evergreen Marine Corporation) is a Taiwan-based container shipping company headquartered in Taoyuan, Taiwan. Its main trade routes are the Far East, North America, Central America and the Caribbean, Northern Europe, the Eastern Mediterranean, Australia, Mauritius, South Africa, South America and within Asian traffic. Evergreen container ships call at 240 ports worldwide in 80 countries. The company includes Uniglory Marine Corp. (Taiwan), Evergreen UK Ltd. (Great Britain) and shipping company Italia Marittima SpA (Italy). Since 2007, all subsidiaries have been merged into a single Evergreen Line.

Container ship Evergreen Ever SafetyContainer ship Evergreen Ever Safety

Most of the company's containers are painted green with white Evergreen lettering. Uniglory containers are labeled in the same way, but have a bright orange color. Refrigerated containers have the opposite color scheme — white containers with green letters. Today, Evergreen operates 200 container ships with a total capacity of 1.22 million TEU. The market share is 5.2%.

See also:
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