Top 5 ocean carriers serving US trades see export share slips

Top 5 ocean carriers serving US trades see export share slips

Port of Oakland.The decline in US export market share of the Top 5 carriers was driven largely by double-digit growth among carriers outside the Top 5. Above: the Port of Oakland. Photo credit: Shutterstock.com.

 

The Top 5 container lines serving the United States slightly increased their combined share of imports in 2017, but dominance of their exports receded.

The 1 percentage point decline to 55.2 percent in export share among the Top 5 export carriers in 2017 — Maersk Group (Maersk Line, Hamburg Süd, and SeaLand), Mediterranean Shipping Co., CMA CGM/APL, Hapag-Lloyd, and Evergreen Line — is the first drop since 2012 and takes place after years of steady industry consolidation.

The Top 5 import carriers, comprised of the same five carriers, increased their share 0.2 percentage points last year to 54 percent, continuing the gains they have made each year since 2014, according to PIERS, a sister product of JOC.com.

The decline in US export market share of the Top 5 carriers was driven largely by double-digit growth among carriers outside the Top 5, most notably the 26.1 percent increase in exports for Hyundai Merchant Marine to 476,149 TEU as it grabbed cargo formerly moved by Hanjin Shipping, and the 21.5 percent increase to 593,190 TEU at Cosco Shipping.

Cosco, which is merging with OOCL, would have been the No. 4 US export carrier in 2017, with a market share of 9.7 percent and combined volume of 1.2 million TEU based on the current rankings. The three Japanese carriers — NYK Line, MOL, and “K” Line — began sailing under the Ocean Network Express (ONE) on April 1; under the current rankings, ONE also would have also been the No. 4 carrier in 2017 with a share of 11.9 percent and total volume of 1.5 million TEU.

Other carriers that showed strong export growth in 2017 were MOL, up 11.9 percent to 481,083 TEU; Yang Ming, up 10.4 percent to 461,530 TEU; and ACL/Grimaldi Group, up 21.4 percent to 86,583 TEU.

Maersk Group’s 5 percent decline in export traffic to 1.8 million TEU and Hapag-Lloyd’s 4.6 percent drop to 1 million TEU also contributed to the Top 5 export carriers losing combined market share. The declines helped pull down export growth of the Top 5 so that it matched overall US export growth of 1.2 percent.

CMA CGM/APL was the fastest-growing of the Top 5 export carriers in 2017, with traffic up 8.3 percent to 1.6 million TEU, followed by MSC’s 4.9 percent increase to 1.6 million TEU, and Evergreen’s 3.8 percent gain to 817,364 TEU.

Import growth as a whole and among the Top 5 was much stronger, with combined volume of the Top 5 carriers expanding 6.2 percent, edging out the 5.9 percent growth in total US imports in 2017.

Under the current rankings, a merged Cosco and OOCL would have been tied with CMA CGM/APL for the No. 1 US import carrier in 2017 with a share of 13 percent. Cosco/OOCL volume would have totaled 2.4 million TEU. Japan’s Big Three, if the merger into ONE had closed last year, would have had an import market share of 12.8 percent, as their combined volume of 2.9 million TEU would have made them the No. 2 import carrier.

Volume at all of the Top 5 import carriers rose in 2017, with MSC’s 12.6 percent expansion to 2.8 million TEU leading the pack. CMA CGM/APL followed with a 9.3 percent increase to 3 million TEU, while Evergreen traffic rose 3.7 percent to 1.8 million TEU. Maersk Group import volume rose 2.9 percent to 2.8 million TEU, while Hapag-Lloyd imports inched up 0.8 percent to 1.9 million TEU.

US import growth was so strong last year that many of the top carriers recorded double-digit volume increases from bases in excess of 700,000 TEU. OOCL import traffic rose 25.8 percent to 1.2 million TEU, while HMM’s volume rose 19.9 percent to 940,506 TEU, and imports at MOL rose 18.6 percent to 911,318 TEU.

 

Rankings of the JOC Top 40 container carriers in US import trade lanes
US IMPORTS, January-December 2017 versus January-December 2013, 2014, 2015, and 2016 in laden TEU*
The JOC Top 40 container carriers in the US import trade carried 99.8 percent of the 22.9 million TEU in the overall US import trade in 2017, a volume increase of 5.9 percent year over year and surge of 20.5 percent above 2013. The JOC Top 5 carriers garnered 54 percent of the US import trade lane, or 12.4 million TEU in 2017 as volume jumped 6.2 percent year over year, and spiked 29.2 percent above the same period in 2013.
 January-December  US IMPORTS Percent Volume Change
in JanUARY-December 2017
OCEAN CARRIER*WebsiteWorld,
US Headquarters
2017 Market Share20132014201520162017 FROM
2013
FROM
2014
FROM
2015
FROM
2016
1CMA CGM/APLwww.cma-cgm.com; www.apl.comMarseille; Norfolk, Va. Singapore; Scottsdale, Ariz.13.0%2,549,1702,597,5232,661,7112,725,4762,977,695 16.8%14.6%11.9%9.3%
2Maersk Groupwww.maerskline.comCopenhagen; Florham Park, NJ12.4%2,359,2062,458,6762,471,0392,760,0422,841,049 20.4%15.6%15.0%2.9%
3MSCwww.mscgva.chGeneva; New York12.2%1,815,3012,050,6512,277,6222,478,2132,790,389 53.7%36.1%22.5%12.6%
4Hapag-Lloydwww.hapag-lloyd.comHamburg; Piscataway, NJ8.4%1,416,8201,744,1141,751,7191,904,5711,920,290 35.5%10.1%9.6%0.8%
5Evergreen Linewww.evergreen-line.comTaipei; Jersey City, NJ8.0%1,439,3361,628,2551,666,6021,778,7081,844,293 28.1%13.3%10.7%3.7%
 JOC Top 5 US Import Carriers54.0%50.4%51.6%51.9%53.8%54.0%     
 JOC Top 5 US Import Carriers' Market Share 9,579,83310,479,21910,828,69211,647,00912,373,716 29.2%18.1%14.3%6.2%
6Cosco *1en.coscoshipping.comShanghai; Secaucus, NJ7.7%1,664,6601,680,2961,757,4191,643,6991,761,281 5.8%4.8%0.2%7.2%
7OOCL *1www.oocl.comHong Kong; Salt Lake City5.3%749,248824,313842,318970,1131,220,006 62.8%48.0%44.8%25.8%
8NYK Line *2www.nykline.comTokyo; Secaucus, NJ4.5%720,994805,740829,227867,1091,026,583 42.4%27.4%23.8%18.4%
9"K" Line *2www.kline.comTokyo; Richmond, Va.4.3%798,104860,039920,119977,066997,128 24.9%15.9%8.4%2.1%
10Hyundai Merchant Marinewww.hmm21.comSeoul; Irving, Texas4.1%857,726843,022743,767784,353940,506 9.7%11.6%26.5%19.9%
11Yang Ming Linewww.yangming.com.twKeelung; Newark, NJ4.0%729,119794,114849,873875,045922,042 26.5%16.1%8.5%5.4%
12MOL *2www.molpower.comTokyo; Lombard, Ill.4.0%710,600775,766739,979768,327911,318 28.2%17.5%23.2%18.6%
13Zim Integrated Shipping Serviceswww.zim.comHaifa; Norfolk, Va.2.5%325,926387,116497,697494,940567,070 74.0%46.5%13.9%14.6%
14Dolewww.doleoceancargo.comJacksonville, Fla.1.1%228,914225,540233,462248,092249,693 9.1%10.7%7.0%0.6%
15Pacific International Linewww.pilship.com Singapore, Long Beach, Ca.1.1%117,811109,813107,068162,269241,093 104.6%119.5%125.2%48.6%
16Seaboard Marinewww.seaboardmarine.comMiami0.9%164,046155,353190,477190,252204,445 24.6%31.6%7.3%7.5%
17Crowleywww.crowley.com Jacksonville, Fla.0.9%171,384181,816197,144189,025199,654 16.5%9.8%1.3%5.6%
18SM Linewww.smlines.comSeoul0.8%    187,908     
19Wan Hai Lineswww.wanhaiusa.comTaipei; Phoenix, Ariz.0.7%90,58894,225131,066141,650154,505 70.6%64.0%17.9%9.1%
20Great White Fleetwww.greatwhitefleet.comAntwerp; Cincinnati0.6%177,538184,069150,359149,132140,005 -21.1%-23.9%-6.9%-6.1%
21Network Shippingwww.freshdelmonte.comCoral Gables, Fla.0.5%56,98061,11971,37174,746118,617 108.2%94.1%66.2%58.7%
22Matsonwww.matson.comOakland0.5%109,749112,485108,368102,099115,793 5.5%2.9%6.9%13.4%
23ACL/Grimaldi Groupwww.aclcargo.com www.grimaldi.napoli.itNaples; Westfield, NJ0.5%80,75476,42474,14090,344103,755 28.5%35.8%39.9%14.8%
24Independent Container Linewww.icl-ltd.comAntwerp; Richmond, Va.0.4%76,11784,15489,56286,15193,234 22.5%10.8%4.1%8.2%
25Turkon Linewww.turkonamerica.comIstanbul; Secaucus, NJ0.2%32,64031,68135,57335,16043,803 34.2%38.3%23.1%24.6%
26TOTE Maritimewww.totemaritime.comJacksonville, Fla.0.2%30,44729,60632,17036,11440,679 33.6%37.4%26.5%12.6%
27Tropical Shippingwww.tropical.comRiviera Beach, Fla.0.2%39,51350,35141,77739,29439,666 0.4%-21.2%-5.1%0.9%
28Westwood Shippingwww.wsl.comPuyallup, Wash.0.2%31,16133,53539,90435,00937,527 20.4%11.9%-6.0%7.2%
29King Ocean Serviceswww.kingocean.comDoral, Fla.0.2%27,58230,71227,49232,69937,178 34.8%21.1%35.2%13.7%
30Agriculture Investment Export Inc.www.solgroup-marketing.comTegucigalpa, Honduras; Port Everglades0.1%20,43817,84817,15226,23125,157 23.1%41.0%46.7%-4.1%
31Linea Peninsularwww.lineaships.comPanama City, Fla.0.1%18,88417,42716,03617,08321,836 15.6%25.3%36.2%27.8%
32Trailer Bridgewww.trailerbridge.comJacksonville, Fla.0.1%21,14419,65521,91523,44018,910 -10.6%-3.8%-13.7%-19.3%
33Marine Expresswww.marinexpressinc.comMayaguez, Puerto Rico0.1%12,09914,24713,77012,98514,723 21.7%3.3%6.9%13.4%
34Priority Ro-Ropriorityroro.com/en/index.htmlMayaguez, Puerto Rico0.1%9,2686,8637,9809,79712,847 38.6%87.2%61.0%31.1%
35World Direct Shippingwww.worlddirectshipping.comPalmetto, Fla.0.0% 1903,7957,0449,966  5145.4%162.6%41.5%
36Spliethoff Transportwww.spliethoff.comAmsterdam; Cleveland0.0%7,9879,20410,3808,8959,087 13.8%-1.3%-12.5%2.2%
37Antillean Lineswww.antillean.comMiami0.0%9,5807,5016,9477,6008,903 -7.1%18.7%28.2%17.1%
38Eimskipwww.eimskip.comReykjavik; Virginia Beach0.0%4,7475,2246,0737,7498,127 71.2%55.6%33.8%4.9%
39Atlantic Ro-Ro Carrierswww.cisnav.comMontreal; Hoboken, NJ0.0%5,0237,8588,4817,4017,268 44.7%-7.5%-14.3%-1.8%
40Swire Shippingwww.swireshipping.comSingapore0.0%6,8406,8657,8676,3815,290 -22.7%-22.9%-32.8%-17.1%
 TOTAL JOC TOP 40 US IMPORT CARRIERS99.8%17,687,443 19,023,389 19,659,421 20,774,303 22,869,319  29.3%20.2%16.3%10.1%
 TOTAL ALL US IMPORT CARRIERS100.0%19,017,70820,303,06720,868,85721,644,24922,924,516 20.5%12.9%9.9%5.9%
 MARKET SHARE OF ALL JOC TOP 40 US IMPORT CARRIERS 93.0%93.7%94.2%96.0%99.8%     
 
1* Cosco Shipping parent company China Cosco Shipping Group is acquiring OOCL.
2* NYK Line, MOL, and "K" Line will complete merger into ONE on April 1, 2018.
Rankings of the JOC Top 40 container carriers in US export trade lanes
US EXPORTS, January-December 2017 versus January-December 2013, 2014, 2015, and 2016 in laden TEU*
The JOC Top 40 container carriers in the US export trade carried 99.8 percent of the 12.5 million TEU in the overall US export trade in 2017, as total export volume rose 1.2 percent year over year, yet declined 1.8 percent compared with 2013. The JOC Top 5 carriers garnered 55.2 percent of the US export trade lane, or 6.8 million TEU in 2017, a year-over-year volume increase of 1.2 percent, and up just 1.7 percent from 2013's figure.
 January-December  US EXPORTS Percent Volume Change
in JanUARY-December 2017
OCEAN CARRIER*WebsiteWorld,
US Headquarters
2017 Market Share20132014201520162017 FROM
2013
FROM
2014
FROM
2015
FROM
2016
1Maersk Groupwww.maerskline.comCopenhagen; Florham Park, NJ14.5%1,725,9371,764,9841,592,4421,912,1681,816,883 5.3%2.9%14.1%-5.0%
2MSCwww.mscgva.chGeneva; New York13.1%1,562,5391,559,1241,521,0751,568,4121,644,534 5.2%5.5%8.1%4.9%
3CMA CGM/APLwww.cma-cgm.com; www.apl.comMarseille; Norfolk, Va. Singapore; Scottsdale, Ariz.12.4%1,571,4261,437,0211,455,3751,438,8001,558,250 -0.8%8.4%7.1%8.3%
4Hapag-Lloydwww.hapag-lloyd.comHamburg; Piscataway, NJ8.0%1,078,1301,128,4731,032,2591,053,6561,005,074 -6.8%-10.9%-2.6%-4.6%
5Evergreen Linewww.evergreen-line.comTaipei; Jersey City, NJ6.5%790,120763,905754,377787,393817,364 3.4%7.0%8.3%3.8%
 JOC Top 5 US Export Carriers54.5%52.6%52.0%50.9%56.2%55.2%     
 JOC Top 5 US Export Carriers' Market Share 6,728,1526,653,5066,355,5286,760,4296,842,105 1.7%2.8%7.7%1.2%
6OOCL *1www.oocl.comHong Kong; Salt Lake City5.0%538,285530,534527,816616,788623,110 15.8%17.4%18.1%1.0%
7NYK Line *2www.nykline.comTokyo; Secaucus, NJ4.8%454,088522,760580,678560,679600,740 32.3%14.9%3.5%7.1%
8Cosco *1en.coscoshipping.comShanghai; Secaucus, NJ4.7%697,466646,181499,568488,189593,190 -15.0%-8.2%18.7%21.5%
9MOL *2www.molpower.comTokyo; Lombard, Ill.3.8%370,674389,403378,263429,881481,083 29.8%23.5%27.2%11.9%
10Hyundai Merchant Marinewww.hmm21.comSeoul; Irving, Texas3.8%515,044439,741378,138377,564476,149 -7.6%8.3%25.9%26.1%
11Yang Ming Linewww.yangming.com.twKeelung; Newark, NJ3.7%414,631407,827372,216418,133461,530 11.3%13.2%24.0%10.4%
12"K" Line *2www.kline.comTokyo; Richmond, Va.3.3%406,307406,526407,265431,056410,082 0.9%0.9%0.7%-4.9%
13Seaboard Marinewww.seaboardmarine.comMiami2.7%301,245299,893320,150321,845344,372 14.3%14.8%7.6%7.0%
14Crowleywww.crowley.com Jacksonville, Fla.2.7%353,352347,890385,103344,596337,618 -4.5%-3.0%-12.3%-2.0%
15Zim Integrated Shipping Serviceswww.zim.comHaifa; Norfolk, Va.2.0%246,770222,972253,769261,032252,629 2.4%13.3%-0.4%-3.2%
16TOTE Maritimewww.totemaritime.comJacksonville, Fla.1.5%108,784110,515153,868174,342187,336 72.2%69.5%21.8%7.5%
17Tropical Shippingwww.tropical.comRiviera Beach, Fla.1.1%119,631122,371130,735127,701133,624 11.7%9.2%2.2%4.6%
18King Ocean Serviceswww.kingocean.comDoral, Fla.0.7%79,82985,39486,95488,29388,705 11.1%3.9%2.0%0.5%
19ACL/Grimaldi Groupwww.aclcargo.com www.grimaldi.napoli.itNaples; Westfield, NJ0.7%78,75872,96472,66371,31486,583 9.9%18.7%19.2%21.4%
20Great White Fleetwww.greatwhitefleet.comAntwerp; Cincinnati0.6%79,51582,44384,62181,66479,168 -0.4%-4.0%-6.4%-3.1%
21Trailer Bridgewww.trailerbridge.comJacksonville, Fla.0.6%65,30654,74371,59564,55569,306 6.1%26.6%-3.2%7.4%
22Dolewww.doleoceancargo.comJacksonville, Fla.0.5%51,92549,12160,55953,81862,034 19.5%26.3%2.4%15.3%
23Independent Container Linewww.icl-ltd.comAntwerp; Richmond, Va.0.5%59,81861,89462,14761,94761,684 3.1%-0.3%-0.7%-0.4%
24Matsonwww.matson.comOakland0.4%56,86354,34254,10656,70251,208 -9.9%-5.8%-5.4%-9.7%
25SM Linewww.smlines.comSeoul0.4%    47,136     
26Pacific International Linewww.pilship.com Singapore, Long Beach, Ca.0.3%50,69549,78642,54257,48337,867 -25.3%-23.9%-11.0%-34.1%
27Turkon Linewww.turkonamerica.comIstanbul; Secaucus, NJ0.3%40,78736,81431,40730,81631,675 -22.3%-14.0%0.9%2.8%
28Antillean Lineswww.antillean.comMiami0.2%22,93821,18121,13322,96524,644 7.4%16.4%16.6%7.3%
29Wan Hai Lineswww.wanhaiusa.comTaipei; Phoenix, Ariz.0.2%23,10316,79316,25028,60524,403 5.6%45.3%50.2%-14.7%
30Hybur Shippingwww.hydeshipping.comCayman Islands; Port Everglades0.2%16,42114,46721,09222,11021,394 30.3%47.9%1.4%-3.2%
31Seacorwww.seacorislandlines.comFort Lauderdale0.2% 997210,54320,290  20330.7%28202.1%92.4%
32Westwood Shippingwww.wsl.comPuyallup, Wash.0.2%19,23718,65618,95018,75119,950 3.7%6.9%5.3%6.4%
33Linea Peninsularwww.lineaships.comPanama City, Fla.0.1%19,30212,83515,26711,81511,176 -42.1%-12.9%-26.8%-5.4%
34Network Shippingwww.freshdelmonte.comCoral Gables, Fla.0.1%14,50510,88011,77611,7468,907 -38.6%-18.1%-24.4%-24.2%
35Bermuda Container Linewww.neptunebermuda.comHamilton, Bermuda; Newark, NJ0.1%7,1677,0117,2527,4188,300 15.8%18.4%14.4%11.9%
36Swire Shippingwww.swireshipping.comSingapore; Vancouver, BC0.1%6,7336,9819,80910,2207,018 4.2%0.5%-28.5%-31.3%
37United Abaco Shippingwww.unitedabacoshipping.comBahamas0.0%1,1609231,2183,2035,369 362.9%481.8%340.9%67.6%
38Somers Isles Shippingwww.somers-isles-shipping.comFernandina Beach, Fla.0.0%3,4453,1553,4213,8323,973 15.3%25.9%16.1%3.7%
39Schuyler Line Navigationwww.schuylerline.comAnnapolis, Md.0.0%6131549513,6923,198 421.3%1979.9%236.3%-13.4%
40Intermarinewww.intermarine.comHouston, Tx.0.0%12,74010,4968,2864,0262,979 -76.6%-71.6%-64.1%-26.0%
 TOTAL JOC TOP 40 US EXPORT CARRIERS99.8%11,965,291 11,771,251 11,445,169 12,037,752 12,520,533  4.6%6.4%9.4%4.0%
 TOTAL ALL US EXPORT CARRIERS100.0%12,784,05512,497,73712,031,02112,396,24212,549,608 -1.8%0.4%4.3%1.2%
 MARKET SHARE OF ALL JOC TOP 40 US EXPORT CARRIERS 93.6%94.2%95.1%97.1%99.8%     
 
1* Cosco Shipping parent company China Cosco Shipping Group is acquiring OOCL.
2* NYK Line, MOL, and "K" Line will complete merger into ONE on April 1, 2018.

Comments

The two data lists say "US Imports". I assume the top one is Imports while the second is Exports?

How do you rank Independent Container Line? and affiliates?