Truck Parking Club hits major milestone with 1,000 property locations across 46 states, providing 24,000 parking spaces for truckers nationwide. CEO Evan Shelley shares the company's journey and ambitious plans for expansion.
Did you know that 80% of the world’s goods are transported over sea? Have you ever wondered how many ships and containers are needed to transport all these goods? This article will look at some large firms dominating the shipping industry.
Several factors determine the rankings of the ten companies below:
Their fleet: This is the number of ships that the company owns.
Total shipping capacity is measured in twenty-foot equivalent units (TEUs). TEU is the volume of a twenty-foot-long shipping container.
Market capitalization: The total value of all a company’s shares of stock. Mega-ships are ships with a capacity of over 18,000 TEUs; given the scale of human consumption, container ships are growing bigger. For example, the Ever Ace, which Evergreen owns, has a capacity of 24,000 TEUs. It is the largest ship in the world.
We also examine how the ten companies below have been performing financially over the last five years.
# 10: Wan Hai Lines, Ltd
Headquarters: Based in Taipei, Taiwan
Founded: 1965
Fleet: 147 ships
TEU capacity: 412,204
Market share: 1.6%.
Market capitalization: 286.23B TWD
When they started, Wan Hai’s business was mainly logging transportation between Taiwan, Japan, and Southeast Asia. Now they offer services to Canada, the U.S., South America, Africa, and the Middle East.
# 9: Yang Ming Marine Transport Corporation
Headquarters: Keelung City, Taiwan
Founded: December 16, 1972
Fleet: 93ships
TEU capacity: 666,164
Market share: 2.6%
Market capitalization: 302.07B TWD
On June 4, 2018, the container ship Y.M. Efficiency lost 83 containers at sea due to extremely rough weather conditions close to Australia’s New South Wales coast. Although no dangerous goods were discharged into the sea, some medical and surgical items were noted floating and recovered ashore.
# 8: HMM Co. Ltd
Headquarters: Seoul, South Korea
Founded: March 25, 1976
Fleet: 76
TEU capacity: 820,320
Market share: 3.2%
Market capitalization: 11.67T Korean W
The company moves most of South Korea’s exports, making it the number one Korean national container carrier. It was formerly known as Hyundai Merchant Marine.
# 7: Evergreen Marine Corporation
Headquarters: Taipei City, Taipei, Taiwan
Founded: 1968
Fleet: 200
TEU capacity: 1,504,564
Market share: 5.9%
Market capitalization: 486.78B Taiwanese dollars
In March 2021, one of the company’s ships, Ever Given, made international news. It got stuck and blocked the Suez Canal for nearly a week, holding up an estimated $400 million an hour in trade.
# 6: Ocean Network Express Holdings, Ltd. (ONE)
Headquarters: Tokyo and Singapore
Founded: 2017
Fleet: 207
TEU capacity: 1,515,708
Market share: 6.0%
Market capitalization: 218.40m HKD
ONE is a member of THE Alliance long with Hapag-Lloyd, HMM Co. Ltd., and Yang Ming Marine Transport Corporation. THE Alliance is a group of container shipping companies intended to provide 34 shipping services, directly calling at 81 different ports around the world.
# 5 Hapag-Lloyd AG
Headquarters: Germany, Hamburg, Germany
Founded: September 1, 1970
Fleet: 247
TEU capacity: 1,742,598
Market share: 6.9%
Market capitalization: 58.33B Euro
In September 2014, its ship, the 8,750-TEU Colombo Express, collided with the 8,112-TEU Maersk Tanjong near the entrance of the Suez Canal at Port Said.
# 4: COSCO SHIPPING Holdings
Headquarters: Beijing, China
Founded: 2005
Fleet: 474 ships
TEU capacity: 2,927,413
Market share: 11.5%
Market capitalization: 208.80B CNY
The company continued transporting Russian crude oil to China while the world’s leading shippers stopped deliveries to and from Russia.
# 3: CMA CGM S.A.
Headquarters: CMA CGM Tower, Marseille, France Fleet: 578 TEU capacity: 3,261,052 Market share: 12.8%
Market capitalization:
In 2018, the container ship CMA CGM Norma collided with China’s flagged Yusheng366 vessel in Hong Kong waters. As a result, Yusheng366 sank while Norma suffered minor damages.
# 2: Maersk
Headquarters: Copenhagen, Denmark
Founded: April 16, 1904
Fleet: 729
TEU capacity: 4,245,962
Market share: 16.7%
Market capitalization: 342.44B Danish kronor
The hijacking of Maersk’s Alabama off the Somali coast in 2009 inspired the 2013 movie Captain Philip, starring Tom Hanks.
# 1: MSC Mediterranean Shipping Company S.A.
Headquarters: Geneva Switzerland
Founded: 1970
Fleet: 1663 ships
TEU capacity: 5,339,852
Market share: 17.1%
MSC operates the world’s two largest container ships, MSC Gülsün and MSC Samar. The company remains independent and wholly owned by the Aponte family.
In 2021, the company’s container ship MSC Messina sank halfway between Sri Lanka and Malacca Strait.
Special damages, also known as consequential damages, are extra costs not automatically covered by the carrier. They arise from the consequences of damaged or delayed freight. Here's what brokers and shippers need to know.
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