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-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

29 Aug 2016
Maersk Line launched a new feeder service to the western Chinese port city of Yibin.
11 Aug 2016
Analysts do not expect Maersk Line to come out of the second quarter in the black.
10 Aug 2016
The head of South Korea's financial watchdog on Wednesday said Hanjin Shipping should prepare for receivership, if it can’t reach an agreement with creditors and tonnage providers.
Hapag-Lloyd, which is merging with United Arab Shipping Company, continued to realize gains from its 2015 tie-up with CSAV, but they weren't enough to overcome the punishing market.
10 Aug 2016
Hapag-Lloyd sank to a net loss in the second quarter as average ocean freight rates plummeted.
10 Aug 2016
Capacity discipline has pushed up vessel utilization rates.
10 Aug 2016
Maersk line has adjusted its third-party feeder network in China.

Commentary

Carriers come into the market, and then go out of business. This year will be the sixth consecutive year the industry will lose money.