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.
13 Sep 2016
Container shipping overcapacity that pushed Hanjin Shipping into bankruptcy protection will likely claim another container line before the market rebounds.
13 Sep 2016
The container shipping industry is approaching an improved business environment as a range of factors that support a better supply and demand equilibrium start to take hold, said CEO of Hapag-Lloyd.
05 Sep 2016
CMA CGM has completed its acquisition of NOL and its liner unit APL.
02 Sep 2016
Shipowners seeking to recoup losses from Hanjin Shipping are taking aim at the liner’s customers through lawsuits.
CMA CGM believes a new plan to gain from synergies with APL will help it cut costs by $1 billion.
02 Sep 2016
CMA CGM swung to a second-quarter net loss due to “persistently” low freight rates.

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.