The company also provides service to diesel engines utilized in marine, rail, and power generation applications. Schulte Group. It is known to deliver superior customer service. The UK's largest international shipping company, Anglo Pacific, specialises in shipping vehicles of all makes and sizes. Hapag Lloyd is the largest shipping company in Germany, founded 50 years ago in 1970. Total of 786 Vessels. It is a German company and it was formed in 1970 after Hamburg-American Line and North German Lloyd were merged. In this article, Marine Digital lists the 10 largest shipping companies in the world. Moller - Maersk is shipping, logistics and freight transportation company. Anglo-Eastern. German company Hapag-Lloyd emerged in 1970 through the association of two maritime companies Hamburg-American Line (HAPAG) and North German Lloyd. They are a privately owned company and have a fleet of over 500 container vessels that offer a capacity of over 3 million total TEU. They operate in 130 countries, shipping approximately $675 billion worth of goods yearly. Know the top 10 Shipping companies around the globe, read the complete details about top 10 Shipping companies through this. It is the world's largest container shipping company by both fleet size and cargo capacity. The United Kingdom's largest private shipping service delivers more than one millions parcels a day across 34 European countries, and is a direct competitor of other worldwide delivery brands like DHL, FedEx and UPS. 02. Investopedia does not include all offers available in the marketplace. CMA CGM Group Yang Ming carried a shipment of 1700 unused Nuclear fuel rods (two batches of nearly 20 containers each) from Taiwan to the USA following the closure of the 4th plant of Taiwan Nuclear Power Station in September 2018. The company employs at least 14,000 people. MSC - Mediterranean Shipping Company 2. The company is jointly owned by several Japanese companies, headquartered in Singapore and Tokyo, and is the most recently formed company on our list, starting just 3 years ago in 2017. Assets: $2.23 billion. All data are provided by YCharts and as of September 10, 2020.. Yang Marine Transport Corporation is a major shipping company with its headquarters in Keelung, Taiwan. It is the best largest tanker shipping company in India. Yang Mings ability to arrive on time has downgraded from about 85% in time arrivals in 2011 to 65% in 2020. Zhonggu Logistics One of China's largest shipping companies, Zhonggu Logistics, recently held an initial public offering in which it raised more than $ 200 million and plans to attract six more ships and climb the list of the world's largest shipping companies. The core of the companys fleet are container ships and cruise liners (MSC Cruises). The Shipping Corporation of India Ltd. Top 10 largest shipping companies across the globe as of 2018, according to their capacity (TEU): 10. She was delivered by Samsung Heavy Industries (SHI) on 28 September 2020 and has a new digital ship system installed. MSC Cruises was founded in 1990 and has expanded more than 800 times since that time. CMA-CGM 4. 1: United Parcel Service of America, Inc. United Parcel Services of America, Inc. is the largest package shipping company in the world in terms of earnings and volume. The company has plans to expand into ports in Asia, Latin America and Africa. A.P. The company's main industry is Marine transportation container shipping. The company has revenues of over $ 28 billion and a staff of over 30,000 people. They offer a variety of services including vessel and container fleet management, cargo cruises, logistics, and freight delivery. Disclosure: No position. Despite the global recession and 16% decline in cargo volume during 2020, Maersk has managed to produce a profitable year. It has one of the largest shipping fleets in the world. Orient Overseas Container Line (OOCL) TEU: 565,113. Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. This company stops at 600 ports and serves 128 countries with its capacity of 1,688,396 TEU. The top 10 largest dry bulk shipping companies operate 13,14% of the dry bulker's fleet deadweight with only 1297 ships. The company's primary businesses include container transportation, cruise lines, specialized carriers, and logistics. Maersk Line The largest container shipping company in the world is the Maersk Line, which is part of the Danish conglomerate A.P. Denmark's APM Maersk has the largest fleet of container ships as well as the highest container capacity of any shipping company . At present the world ecomony strives to climb from the Covid-19 abyss, so well consider how the major companies made it through the 2020 crisis as today it becomes both a matter of curiosity and prudence. Hapag-Lloyd: The German corporation featuring 6th in the compilation of best shipping companies in 2012 contributed to almost 4th percent to the global shipping totality. The present Evergreen Line consists of the four companies merged in 2007: Evergreen Marine Corp. (Taiwan) Ltd., Italia Marittima S.p.A., Evergreen Marine (UK) Ltd and Evergreen Marine (Hong Kong) Ltd making Evergreen Line one of the top shipping companies in the world. Lloyds Register (LR) has awarded Evergreen Line with Digital Safe Security certification for their 12,000 TEU ultra large container ship. Hapag-Lloyd have endured many crises for their long history. Nippon Yusen Kabushiki Kaisha is a transportation and logistics company facilitating services between international and domestic ports. Shipping Corporation of India Ltd. (SCI) Shipping Corporation of India is the No.1 shipping company of India. In addition, Maersk is one of the oil and gas giants with 43 offshore vessels (mainly. Mediterranean Shipping Company. The Tracking Docket is a one stop website to find leading Shipping Company contact detail and track the goods in real time. MARPRO ApS. It is a Belgium-based crude oil company having operational offices in Qatar, Switzerland, and Hong Kong. Yang Ming Marine Transport Corporation. In terms of container vessel capacity the company has today established itself as the worlds second-largest shipping company operating in all the major ports spread across the world. Top 10 Biggest Maritime Shipping Companies in the World. They have been operating in Ghana for more than 10 years. HMM has formed a global business network with four international headquarters, 27 subsidiaries, 76 subsidiaries, five overseas offices, and 10 communications offices. 4.9. visit ups. Its completely free. MSC is an Italian shipping company headquartered in Geneva. Time taken: 4-6 weeks. ONE has presented its new corporate style in 2018; and now paints all its vessels and containers in bright magenta (reverse colors for reefer containers). Yang Ming has more than 170 service points spread across as many as 70 nations worldwide. Save my name, email, and website in this browser for the next time I comment. It has a major presence in Hong Kong, UK, USA and Brazil too. The company was formed on September 1, 1970 from the merger of two German shipping companies, Hamburg-American Line (HAPAG), founded in 1847, and Norddeutscher Lloyd (NDL) or North German Lloyd (NGL), which was formed. Perhaps smugglers choose CMA CGM company, because they have the most convenient containers. The company operates in all ports of the world and for some time has been the second largest shipping company. 13 containers with arms were loaded on board of. CMA CGM Group - 2.7m TEU 5. Maersk have preserved its title of the largest shipowner in the world owning or operating 1 388 vessels. as well as other war material valued at an estimated $750,000 were seized by South African authorities in November 2009. Mller-Maersk - 2.8m TEU. Lines, Ltd.) is the 10th largest shipping company in the world. MSC builds the ultimate cruise liner. In addition, the company also explores for and produces oil and gas and operates industrial businesses. COSCO Shipping Lines 3. Over 200 police and company officers were ensuring safety on the pier during loading. Today the company operates not only oil tankers, but LPG/LNG carriers and has ventured into oil and gas production and offshore industry. It was founded in 1972, but has historical roots with China Merchants Steam Navigation Company which dates back to the 19th century. The company has grown steadily and operates the sixth largest fleet in the world today. With more than 10,000 ships and 360 dry bulk vessels, COSCO visits more than a thousand ports globally. The global shipping industry plays a central role in driving international trade and economic growth by transporting commodities and products between virtually every nation in the world. They have a fleet of over 200 container ships that have a capacity of 1,303,420 total TEU that travel to 240 global ports. Moller - Maersk Group. HMM Co Ltd came into being when Asia Merchant Marine was established on 25th March, 1976. Founded in 1972 and headquartered in Taiwan, How Understanding the Top Companies Can Benefit Your Business, You may be wondering how these companies may relate to your own business. Many experts point that PIL is about to leave Top 10 liners lists. Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. Here is a list of the Worlds biggest shipping companies in 2020 explained with an infographic: Now, lets have a look to the 10 biggest shipping companies in the world: Maersk was set up on 16 April 1904 by A.P. Below is the list top ten container shipping companies in the world hottest currently voted by users. The company also has businesses focused on property and securities investment, and equipment leasing. MOL MOL (Mitsui O.S.K. PIL today boasts of a fleet of around 150 vessels. The bulk of the fleet consists of container ships (713 vessels); there are also product tankers, 430 tugs (Svitzer group). This French company operates from Marseille and was founded in 1978. The company initially established a container service between the Far East and Middle East, and has since grown to become the world's tenth largest shipping company. Spoiler: financial results are astonishing. AGS Frasers Kenya is one of the top shipping companies in the country. 10 biggest shipping companies in the world. Today the company operates out of 480 offices spread across 155 countries. In December 2020 the Company has ordered five 23,500 TEU-plus LNG-powered vessels from Daewoo Shipbuilding & Marine Engineering in South Korea and is going to spend about USD 1 bn for their construction. They export to over 220 countries and have offices across the world. Their acronym comes from the French language for Maritime Freighting Company-General Maritime Company. XPO Logistics is a well-recognized logistics company that has an expansive network of 756 service locations with 42,000 employees globally. Matson focuses on domestic and international rail intermodal service and highway brokerage. Founded in 1972 and headquartered in Taiwan, Yang Ming Marine Transport Corporation offers international logistics and shipping services. 9. Mediterranean Shipping Company S.A. is a Swiss-Italian international shipping line. A.P Moller- Maersk. AP Moller-Maersk 2. and her 5 sister ships remain among the biggest vessels in the world. Mitsui O.S.K. and has ventured into oil and gas production and offshore industry. The history of both dates back to the 19th century. July 7, 2017 saw the setting up of a holding company in Japan and a business management company in Singapore. Hapags talented director Albert Ballin initiated Conference of North European Lines in 1872 to prevent rates battle and to encourage resources pooling in mailing contracts and cruise shipping operations (both companies were their time leaders providing best liners and itineraries). Headquarters is in Denmark. Their fleet offers 118 liner services worldwide, besides being an ocean carrier for Intra-America, Latin America Transatlantic, and Middle East trades. the term SEL (Sound Exposure Level) commonly refers to the potential effects of sounds made by humans and machines on marine creatures. Based in South Korea, Hyundai M.M. It operates with a fleet of more than 150 ships and is a part the conglomerate, Evergreen Group. It operates close to 500 container vessels and also has a division focusing exclusively on holiday cruises called MSC Cruises. Expansion continued until the 1980s; by the end of the decade, MSC was serving ships to North America and Australia. Below, there is a list of the 10 largest container shipping companies in the world in terms of TEU capacity, according to the Alphaliner figures (26 August 2021). USD 1.55 billion. ZIM was founded by the Jewish Agency, the Israel Maritime League and Histadrut (General Federation of Workers of the Land of Israel) as ZIM Palestine Navigation Company Ltd. McDan Shipping Company. These. The company is also involved in chartering, shipbuilding and real estate development. He has been working in the shipping industry for 25 years. This can lower or even outweigh potential returns. MSC as its commonly called was founded in Naples in 1970 by Gianluigi Aponte. It operates 5 FPSOs and 1 storage tanker; their total daily production reaches 339,000 barrels; while storage capacity is 1 million barrels (160,000 m, PIL is a Singapore-based company which was started from just 2, former Dutch ships re-named Kota Singa and Kota Naga in 1967. Teekeys CEO, Kevin Mackay, commented on 2020 financial results: We reported consolidated adjusted net income of $83 million, or $0.82 per share, compared to the prior years adjusted net loss of $19 million, or $0.19 per share, and we increased our total adjusted EBITDA to $1.1 billion, up nearly 15 percent over the prior year. Similar to its competitors the company proved resistant against Covid-19 triggered recession. Headquarters: Milton Keynes, UK. TEU: 4,121,789; HQ: Copenhagen Denmark; Founded: 1904; Revenue: $40.3 Billion (USD) Employees: 83,625; A.P. With more than 10,000 ships and 360 dry bulk vessels, COSCO visits more than a thousand ports globally. MSC took delivery of 6 largest container ships in the world during the year 2019 each vessel carrying 23 786 TEU. The more than 13% statistic in terms of TEUs shipped by the corporation's fleet can be considered as a worthy accounting for its prolificacy for 2012. CMA CGM Group 5. Nippon Yusen is based in Japan. 4. The company has had a storied journey of tremendous growth and today it serves even more than 120 countries with a vast network spread through 343 ports. Topping the list of top 10 shipping companies in the world 2019, is APM-Maersk, a Danish company with a revenue of $39 billion, far surpassing its competitors. Sign Up. Top 10 Tanker Shipping Companies-Euronav. In 2019, the value of the shipping industry worldwide was over $ 14 trillion. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to more than USD 3 billion (approximately EUR 2.7 billion). The company has developed significantly for the past 24 years to become the worlds fourth shipping company. What Are the 17 Sustainable Development Goals (SDGs)? MARPRO is a registered trademark. 10. The worlds oldest billionaire, the Chinese entrepreneur, Chang Yung Chung is the companys founder. The company ships mainly crude oil and refined oil, and also coal, iron ore, and other energy-related products. They have container terminals in the Netherlands, Belgium, the United States, and Taiwan. SCI was founded in 1961 in Mumbai by the Government of India. A.P. They have several subsidiaries including OOCL, COSCO Shipping Co Ltd, New Golden Sea, and Shanghai Pan Asian Shipping. All rights reserved. The company has gone through a series of ownership transfers and alliances since then, but remains the 6th shipping line in the world. Experts point that the survival receipt was similar for all such companies: blanking sails (there have been more than 400 blank sailing during spring lockdown while even today COSCO continues to post a timetable of blank sailing voyages on the website); COSCO Shipping has recently entered into agreement with Chinese e-commerce giant Alibaba and its affiliate Ant Group to promote blockchain technology in shipping. They are the largest vessel and container ship operation in the world, and have several subsidiaries providing transport and logistics operations. Know the top 10 Shipping companies around the globe, read the complete details about top 10 Shipping companies through this. MSC was founded in Naples in 1970 as a private company by seafarer captain Gianluigi Aponte, when he bought his first ship, Patricia, and then Rafaela, with which Aponte opened a shipping line between the Mediterranean and Somalia. With primary trade routes between the Far East and countries in the Americas, the southern hemisphere, northern Europe, and the East Mediterranean. It operates on as many as 200 shipping routes and serves 420 ports spread across 150 countries in every corner of the world. Zim is the largest shipping company in Israel, founded 75 years ago in 1945, with revenues of over $ 4 billion and revenues of over $ 50 million. Although listed in Denmark, the company is a family business and is controlled by the Mller family. A master limited partnership (MLP) combines the tax benefits of a partnership with the liquidity of a public company. Yang Ming Marine Transport Corporation Symbol Last Price Mediterranean Shipping Company - 3.8m TEU Analysis Analysis Analysis Analysis 3. The company also offers many logistics facilities covering a network of ports thats spread worldwide. Companys name is the abbreviation of the founders first and second names: Torben Karlshoej. This company has been rated as one of the best shipping companies in the country. , so well focus on the fleet size of our contenders. Their profit has reached $2.9bn which seemed highly unlikely at the beginning of the quarantine year. ship owner in the world with above 140 vessels in their fleet. Denmark-based Mrsk operates a worldwide fleet of tankers, supply ships, terminals, and other vessels. COSCO is one more company that has demonstrated a strong operational performance during the COVID-19 pandemic. Being a top integrated logistics company globally, HMM Co. LTD. plays an important role in Korea's economic development. 650 Vessels. Best shipping companies in the UK. The year 2020 is finally over and financial results are eloquent. The company came into being only in 2016 as a result of the merger of China Shipping Company and COSCO Group. Today the company owns and operates a fleet of container ships and bulk carriers and is headquartered in Beijing. The top 10 shipping companies have increased their fleet by 1.1 million TEU in the past nine months and the total number of active ships has increased by 2%. Now we move on to Germany, where Hapag-Lloyd operates out of Hamburg. The Gaza Strip is believed to be the possible final destination for that shipment. The profitsignificantly increased to USD 944 Million (compared to the same period last year (+USD 939Million) thanks to the fastrecovery in cargo demand and increases in the short-term freight market. The company is involved in shipping, ships and containers construction, engineering, port management. Hapag-Lloyd 7. The company was started by Danish emigrant with a couple of decrepit oil tankers in 1973, but expanded immensely in the 80s trading in the dangerous Persian Gulf waters during the Iran Iraq war. 8. Hapag-Lloyd is engaged in transporting cargo in containers on major trade routes around the world. The PIL fleet consists of 153 ships and serves more than 500 locations around the world. List of leading Shipping Companies in New Zealand: The country is one of the most , Your email address will not be published. A year later, a shipment of 107 mm artillery rockets (Katyushas), explosives and rifle ammunition was interjected in Lagos, Nigeria. We bring the biggest shipping companies in the world that have been partners in the growth of trade worldwide. Denmark Lines operates container ships, ferries, oil tankers, and specialized vessels. Mega container ships will be employedon Hapag-Lloyds EuropeFar East routes as part of THE Alliance, as was pointed in the Carriers statement. COSCO - China Ocean Shipping Company 5. Delivering dry cargo as well as reefer cargo, MSC stops at 500 ports on 200 trade routes globally. Each of these companies operates with large fleets and has successfully earned international recognition. Maersk Maersk Shipping Container Manufacturer Logo Maersk is a Danish shipping container manufacturer that is one of the largest in the world. The company was started by Danish emigrant with a couple of decrepit oil tankers in 1973, but expanded immensely in the 80s trading in the dangerous Persian Gulf waters during the Iran Iraq war. Taiwan headquartered company which began its operations on the 1st of September 1968 with the single vessel called. Required fields are marked *. This is the highest brand value ever recorded in the history of the Global 500 report, which has been published each year since 2007. 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