Top 40 Container Carriers
A look at the market shares of the JOC’s Top 5 ocean carriers in the first three quarters of 2016 compared to last year reveals the rapid consolidation of capacity into fewer, larger liner hands in the total US container trade as a result of international merger and acquisition activity.
As merger and acquisition activity continues, the world’s largest container lines have pulled away from the rest of the industry. CMA CGM, No. 1 in the overall US trade in these first nine months, is indicative of this trend, having acquired NOL and its APL brand.
The failure of Hanjin Shipping, the biggest container line ever to collapse, set off an intense competition for its cargo, the winners and losers of which will be revealed in the next set of rankings.
Hanjin in the first nine months of 2016 ranked eighth among the world’s top container carriers in trade with the US, with 4.4 percent of total US trade.