Top 40 Container Carriers

2016 is shaping up to be a difficult year for the JOC's Top 40 Container Carriers. Container lines are struggling against overcapacity and slack demand that they seem unable to shake. While container ship scrapping is set to reach record levels in 2016, the impact on overall global capacity is unlikely to provide ocean carriers any sustained relief.

Acquisitions have also reshaped the industry this year, with CMA CGM completing its takeover of NOL and its APL brand. Cosco Shipping and China Shipping Container Lines in February completed their merging into China Cosco Shipping and Hapag-Lloyd and United Arab Shipping Company have also agreed to a merger.

2016 is also noteworthy because of the redrawing of vessel-sharing agreements that have come to dominate the industry. In 2016 shippers learned that from April 2017 the 2M Alliance will now have three members, Maersk Line, Meditteranean Shipping Co., and Hyundai Merchant Marine. The Ocean Alliance of Evegreen Line, Orient Overseas Container Line, China Cosco Shipping, and CMA CGM, including its recent NOL acquisition, will be the largest on east-west trades. The last major VSA is known as THE Alliance and is made up of Yang Ming Line, Hanjin Shipping, MOL, "K" Line, NYK Line, Hapag-Lloyd, and UASC.

 

Previous rankings

Top 40 Container Carriers U.S. Import and Export Trades, January-June 2016

Top 40 Container Carriers, U.S. Import and Export Trades, January-December 2015

Top 40 Container Carriers in U.S. Export Trade, January-December 2014

Top 40 Container Carriers in U.S. Import Trade, January-December 2014

Top 40 Container Carriers in U.S. Export Trade, January-September 2014

Top 40 Container Carriers in U.S. Import Trade, January-September 2014 

Top 40 Container Carriers in U.S. Export Trade, 2013

Top 40 Container Carriers in U.S. Import Trade, 2013

Top 40 Carriers in U.S. Containerized Trade in the First Half of 2013

Top 40 Carriers in U.S. Containerized Trade in 2012

News & Analysis

One way for container lines to cut costs without impacting service is technology, but the current market means some efforts have been put on hold or abandoned.
23 Sep 2016
An intense focus on cost cutting by carriers is having an impact on customers.
15 Sep 2016
The Busan Port Authority will offer discounts to CKYE Alliance members in a bid to keep Busan’s cranes busy.
Of the container lines that did not belong to the CKYHE Alliance, United Arab Shipping Company had the most confirmed exposure to Hanjin Shipping's bankruptcy
14 Sep 2016
Shippers using CKYHE Alliance partners of Hanjin Shipping had the most exposure to the liner’s collapse, but others also were hurt.
14 Sep 2016
The container shipping industry hit bottom in 2016 and is poised to experience three to four years of relative stability before going through another round of consolidation.
14 Sep 2016
The proposed block exemption for liner shipping in Hong Kong is off for public consultation.
14 Sep 2016
Shipping restructuring specialists believe that Hanjin Shipping will ultimately be liquidated, not rehabilitated.

Commentary

Container lines seem to not have learned the most important lesson from the collapse of Hanjin Shipping and all indications suggest they will squander this opportunity to align supply and demand.