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

26 Jul 2016
Hanjin Shipping confirmed it remains in negotiations with tonnage providers for lower rates, but wouldn't say much else.
30 Oct 2015
Japan’s three largest container lines saw their group revenues miss forecasts and remain almost flat in the first half of the current fiscal year, while Mitsui O.S.K. Lines (MOL) slipped into the red.
Hapag-Lloyd's Antwerpen Express
27 Oct 2015
Hapag-Lloyd has extended the share offer period for its initial public offering by a week to Nov. 3.
19 Jun 2015
Evergreen Line will order 20 new vessels, each with capacity for 3,000 20-foot-equivalent units, Vice Group Chairman Bronson Hsieh said at a shareholders’ meeting Wednesday.
22 May 2015
United Arab Shipping Co., a member of the Ocean Three Alliance, has taken delivery of the world’s greenest ultra-large container ship.
Yang Ming container ship in Oakland port
18 May 2015
Taiwan’s three top lines became the latest carriers to join the black numbers club, all recording net profit for the first quarter on the back of rising revenue and falling operating costs.

Commentary

Soren Skou isn’t just the leader of the world’s largest container shipping company.