【International Logistics】-Introduction to the top 10 shipping companies

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Data source: Alphaliner, Oct 27, 2020

1. Maersk

  • Shipping Line Code: MSK
  • Shipping Company English Name: AP MOLLER-MAERSK A/S
  • Shipping company Chinese name: AP Moller-Maersk Co., Ltd.
  • Shipping company name: Maersk

Maersk Line (MAERSK), known as the "world's largest shipping company". Founded in 1928, Maersk Line (MAERSK) is the largest subsidiary of AP Moller-Maersk Group and the world's largest container shipping company. The current Maersk Line (MAERSK) was reorganized after Maersk Sealand merged with British P&O Nedlloyd, and currently accounts for 17% of the world's container shipping market.

Anecdotal history: This company's ancestors were from the Vikings of Northern Europe, and later they went the right way and became a shipping company. The headquarters is in Copenhagen, a 6-story building with an elevator, but few people take the elevator because the big boss climbs the stairs to his office on the sixth floor every day, so no one dares to take the elevator, and everyone climbs the stairs. Mearsk is known for being arrogant, rigid, and trustworthy. Its tax revenue accounts for 40% of the Danish government's revenue, which is very powerful in Denmark. Its expatriates are known for their low quality. For example, Su Enshen, the general manager of the China region, was originally a driver of the machine card in Denmark. It is said that he always leaves the education column blank on his resume. However, Mearsk has very high requirements for new employees, and they are divided into employees and trainees. The former are general employees, and the latter have to go to the Danish headquarters for several months of intensive training (very cruel, the textbooks are as thick as the Cihai dictionary, 3 books), and then be sent to various parts of the world. Finally, regardless of gender, they will be trained on the ship for half a year before being entrusted with important tasks.

TOP2、Mediterranean Shg Co

  • Shipping Company Code: MSC
  • Shipping Company English Name: MEDITERRANEAN SHIPPING COMPANY SA
  • Shipping company Chinese name: Mediterranean Shipping Company
  • Shipping company name: Mediterranean Shipping Company

Mediterranean Shipping Company (MSC) was founded in 1970 and is headquartered in Geneva, Switzerland.

Currently, Mediterranean Shipping Company (MSC) operates 200 direct and combined weekly routes around the world, and its international container transport routes reach 335 ports on six continents around the world.

As of February 2011, Mediterranean Shipping Company (MSC) has 438 ships with a capacity of 1,884,360TEU, branches in 145 countries around the world, 421 representative offices, and more than 37,000 employees. The scale of investment also shows MSC's enthusiasm for the shipping industry and its speed of development. From the initial opening of only a few ordinary cargo ships, to today, MSC has more than 240 container ships. Whether based on the number of ships or the carrying capacity, MSC ranks second in the world.

Anecdotal history: A money laundering organization of the European mafia, registered in Switzerland. It is said that MSC goes to the shipyard to build ships like this: send a few people, with a lot of cash in a big suitcase, and after negotiating the contract with the shipyard, open the suitcase, count out a certain proportion of cash from it, and then hand the rest to the shipyard, saying that I have taken my commission, this is the deposit, and sign the contract. Most of MSC's ship names are *women's names, such as Lolita, Famia, etc. MSC never merges with other companies, and the ships are all very big, the freight rates are very low, and the service is very poor. It rarely rents boxes, and all of them are self-owned.

TOP3. COSCO

  • Shipping Company Code: COSCO
  • Shipping Company English Name: CHINA COSCO SHIPPING GROUP
  • Shipping company Chinese name: China Ocean Shipping Group Co., Ltd.
  • Shipping company name: COSCO

COSCO owns and controls nearly 800 modern merchant ships of various types, with a deadweight tonnage of more than 56 million tons and an annual cargo volume of more than 400 million tons. Its ocean routes cover more than 1,600 ports in more than 160 countries and regions around the world. Its fleet size ranks first in China and second in the world. Among them, its container fleet ranks first in China and third in the world after the acquisition of OOCL; its dry bulk fleet ranks first in the world; its professional general cargo, multi-purpose and special transport fleets are among the best in the world in terms of comprehensive strength; and its tanker fleet is one of the world's supertanker fleets.

4. CMA CGM

  • Shipping Company Code: CMA
  • Shipping Company English Name: CMA CGM SA
  • Shipping company Chinese name: CMA CGM Group
  • Shipping company name: CMA CGM

CMA CGM was founded in 1978 and is headquartered in Marseille, France. As of December 2009, the company operates 352 container ships with a loading capacity of 790,000 TEUs and 170 routes worldwide. It has established 650 branches and offices in 150 countries and regions (63 in China), 16,400 employees worldwide, and its routes cover 400 ports around the world, with a service network spanning five continents and four seas.

In October 1992, CMA CGM officially entered the Chinese market and CMA CGM (China) Shipping Co., Ltd. (abbreviated as CMA CGM China) came into being. Since its establishment, CMA CGM China has relied on the strong shipping strength and global service network of the French CMA CGM Group to provide fast, high-quality and efficient shipping services to Chinese customers.

In the late 1990s, CMA CGM Group not only opened direct routes from the Mediterranean to Northern Europe, the Red Sea, Southeast Asia and East Asia, but also successfully acquired the largest French state-owned shipping companies, CGM and ANL, in 1996 and 1999 respectively, and officially changed its name to "CMA CGM". In 2005, CMA CGM Group successfully acquired CMA CGM/Anda West Africa Line/Centmar, becoming the first global container carrier in France and the third in the world. At present, CMA CGM Group operates 244 container ships worldwide, including 71 self-owned ships with a loading capacity of 500,000TEUS. It has established 420 branches and offices in 126 countries and regions around the world, with 10,200 employees worldwide. In 2005, its total revenue reached 5.7 billion euros. Its routes cover 216 ports around the world, and its service network spans all continents and four seas, making it a rising star in the global shipping industry.

TOP5. Hapag-Lloyd

  • Shipping Line Code: HPL
  • Shipping Company English Name: HAPAG-LLOYD CONTAINER LINE GMBH
  • Shipping company Chinese name: Hapag-Lloyd Container Line Co., Ltd.
  • Shipping company name: Hapag-Lloyd

Hapag-Lloyd (HPL) was established on September 1, 1970, through the merger of HAPAG and NDL.

Hapag-Lloyd (HPL) owns approximately 135 modern vessels, nearly 5 million containers (TEUs), has more than 6,900 employees, and is located in 300 locations in 1,114 countries around the world. Its business covers Southern Europe, Northern Europe, North America, Latin America and Asia.

Hapag-Lloyd (HPL) provides more than 80 routes covering the world, with nearly 550,000 TEUs and a container fleet with a total capacity of approximately 1 million TEUs. It is one of the largest and most modern refrigerated container shipping companies in the world.

In 2005, Hapag-Lloyd (HPL) acquired Canadian Pacific Shipping Company, becoming one of the world's top five container shipping companies.

TOP6.ONE

  • Shipping Company Code: ONE
  • Shipping Company English Name: Ocean Network Express (China) Ltd., Shenzhen Branc
  • Shipping company Chinese name: Ocean Network Shipping (China) Co., Ltd.
  • Shipping company name: Ocean Network Shipping

Ocean Network Express (ONE Shipping Company for short), which was formed by integrating the container shipping businesses of Japan's three major shipping companies - NYK, Mitsui OSK Lines and Kawasaki Kisen Kaisha, officially started operations on April 1, 2018.

On July 7, 2017, the three major Japanese shipping companies issued a joint announcement, announcing the establishment of a holding company and an operating company to jointly operate container shipping business. Among them, the holding company is named Ocean Network Express Holdings, Ltd., located in Tokyo, Japan; the operating company is named Ocean Network Express Future home of pte.ltd., located in Singapore.

TOP7. Evrgreen Line

  • Shipping Company Code: EMC
  • Shipping Company English Name: EVERGREEN MARINE CORP. (TAIWAN) LTD.
  • Shipping company Chinese name: Evergreen Marine Corporation
  • Shipping company name: Evergreen Shipping

Evergreen Marine (EMC) was founded on September 1, 1968. At the beginning, it only operated a 20-year-old general cargo ship. Today, it operates about 120 full-container ships, ranking first in the world in terms of fleet size and container carrying capacity.

In 1975, Evergreen Marine (EMC) launched a fleet containerization plan, using a newly built fast all-container fleet to open a Far East/East Coast all-container regular route, setting a precedent for Taiwan's all-container fleet. In 1984, Evergreen Marine (EMC) opened an unprecedented global east-west two-way all-container regular route, using highly efficient fully automatic container ships and a complete computer information online system to connect the transportation service network of Asia, Europe and America, providing economical, convenient and safe transportation services to the global business community. With the rapid changes of the times, Evergreen has also flexibly adjusted its operating strategy in response to market demand. For example, in 2002, it replaced the global east-west two-way route that had been in operation for 18 years with two pendulum routes.

8. HMM

  • Shipping Line Code: HMM
  • Shipping Company English Name: HYUNDAI MERCHANT MARINE CO., LTD.
  • Shipping company Chinese name: Hyundai Merchant Marine Co., Ltd.
  • Shipping company name: Hyundai Merchant Marine

Hyundai Merchant Marine (HMM) was established on March 25, 1976 and is headquartered in Seoul, South Korea.

At the beginning of its establishment, HMM only had three very large crude carriers (VLCC). Today, HMM has grown into the world's largest multimodal shipping company, with a fleet including bulk carriers, ore carriers, container ships, liquefied natural gas ships and special cargo ships.

Hyundai Merchant Marine (HMM) is a comprehensive shipping and logistics company that provides the best transportation services. It has 160 advanced ships, a global shipping network, various logistics facilities, an industry-leading IT system, and professional shipping personnel.

Hyundai Merchant Marine (HMM) has 4 headquarters, 28 legal entities, 76 branches and 4,566 employees worldwide.

9. Yang Ming Marine Transport Corp.

  • Shipping Company Code: YML
  • Shipping Company English Name: YANG MING MARINE TRANSPORT CORP.
  • Shipping company Chinese name: Yang Ming Marine Transport Co., Ltd.
  • Shipping company name: Yang Ming Marine Transport

Yang Ming Marine Transport Corporation (YML) was established on December 28, 1972, with its head office in Keelung, Taiwan. As of the end of December 2006, Yang Ming Marine Transport Corporation (YML) has 80 operating vessels with a carrying capacity of 4.1 million deadweight tons/321,000 TEUs. Its fleet includes container ships, bulk carriers, and coal carriers operated by Taipower. Yang Ming Marine Transport Corporation (YML) is one of the youngest companies in the world in terms of average age of ships.

Yang Ming Marine Transport (YML) mainly engages in international scheduled container transportation, with routes including Asia-Northwest North America, Asia-Southwest North America, Asia-East Coast of North America, Asia-East and West Mediterranean, Asia-North Europe, Asia/Red Sea, Northern Europe-East Coast of North America, Mediterranean-East Coast of North America, India-East Coast of North America, East Coast of North America-South America, Mediterranean region, Asia region, etc.

Yang Ming Marine Transport (YML) has branches or offices in Taipei City and Keelung in northern Taiwan, Taichung City in central Taiwan, and Kaohsiung City in southern Taiwan. Its service scope covers three continents, Asia, America, and Europe, and 63 countries. It has more than 177 operating service locations worldwide.

Yang Ming Marine Transport (YML) operates dedicated container terminals in Keelung, Kaohsiung, Taipei Port in Taiwan, Los Angeles, Tacoma in the United States, Antwerp in Belgium, and Rotterdam in the Netherlands to enhance transportation efficiency. It has the only large-scale temperature-controlled logistics center with multiple temperature layers in the Kaohsiung Port area in Taiwan, and has exclusive logistics bases in major ports in Europe, America and mainland China, providing a highly efficient logistics service network; Yang Ming Marine Transport (YML) has also established specialized container trailer transportation companies in Taiwan, the United Kingdom, the United States and China.

TOP10. ZIM

  • Shipping Line Code: ZIM
  • Shipping Company English Name: ZIM ISRAEL NAVIGATION CO., LTD.
  • Shipping company Chinese name: ZIM Shipping Co., Ltd.
  • Shipping company name: ZIM

ZIM is one of the largest container shipping companies in the world. ZIM is owned by Israel Corp., a subsidiary of Ofer Brothers Group Ltd. It operates 27 scheduled lines to all continents and has a fleet of more than 90 ships, calling at 265 ports around the world.

ZIM's earliest ship was Kedmah, which originally belonged to the British Navy and participated in the Second World War. It flew a seven-star flag, which later became the symbol of Zim.
An important step in ZIM's development of containers was in 1970, when the then leader Moshe Kashti made a major decision to adjust the company's development direction, develop containers more suitable for modern transportation, and ordered six container ships from Italy and Germany, starting the specialized transportation of containers. After Moshe Kashti's death, his successor Yehuda Rotem vigorously developed container transportation and opened up three important routes, the Far East route, the US route and the European route. So far, ZIM's global transportation has taken shape.

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