Shipping is the essential part of any business activity and transaction. A major part of the success of manufacturing and productivity business is based on the shipping services.
In the modern world, people are transacting with each other across the globe, hence they have become dependent upon the shipping companies for the success of their transaction and exchange. There are numerous shipping companies which are doing extremely well and providing excellent services to the traders, businessmen and other groups of people.
The below mentioned is the list of top 10 largest shipping companies across the globe, which are being tough competitive of each other and it can also give a quick reference of outstanding carrying capacity hold by the container ships of these companies:
Here are the top 10 Best & Largest Shipping Companies in The World in 2017-2018
10. MITSUI O.S.K. LINES
This company was founded in the year 1884 in Tokyo, Japan. A total of 119 container ships is run by this company along with a capacity of 513,000 TEU. Initially, this company was founded as O.S.K. Lines but later on its merger with Mitsui Steamship in the year 1964. As a result of this merger, the company was renamed as MITSUI O.S.K. Lines. The other services provided by the company are Coastal Liners, Cruise ships, LNG Carriers Cruise Ships, Tankers, and Ferries. In 2013, the total revenue was of the company was declared to be $16.8 billion.
9. HANJIN SHIPPING COMPANY
This company is considered as the biggest container carrier service of South Korea. A fleet of total 170 container ships is owned by the company, which are having a capacity of 640,348 TEU. The services of the vessels of the company are provided in total 35 countries and as well as the company is having 13 major container terminals on major routes. The company was founded in the year 1977 and the revenues earned by the company in the year 2013 amounted to a total of $9.02 billion. the company has recruited a total of 5,800 workers in the world.
8. CHINA SHIPPING CONTAINER LINES
It is the eighth largest shipping company in the world. This company is mainly based in Shanghai and total 156 vessels are being operated by the company with a capacity of 706,000 TEU. This company is affiliated with the famous china Shipping Group and it was founded in the year 1997. Moreover, a total of 7,000 professionals is employed by the company. The fleet of the company includes the biggest container ships in the world, which are CSCL Pacific Ocean and CSCL Globe and both are having an outstanding capacity of 19,100 TEU separately. The company is also offering a feeder network which covers the countries of South East Asia, South China, Yangtze River Delta Region and North China.
7. COSCO CONTAINER LINES
This is a container transport company which is based in China. The shipping company is owned by China Ocean Shipping Company which is an eminent name in the shipping industry. This company has a fleet of total 173 vessels having a capacity of 786,252 TEU since December 2013. The company was founded in the year 1997, and total 162 main ports are operated by the company across total 149 countries. the company has total 13,895 employees working under it. The company is one of the biggest dry bulk carriers in the world and is carrying on operations across 84 shipping routes across the globe. The revenue of the company in the year 2013 was $7.85 million.
6. EVERGREEN LINE
This is a containerised freight shipping company. This company is based in Taiwan. A total of 190 ships is operated by this company. The shipping capacity of the vessels of the company is around 850,000 TEU. The name of this company is a brand name which was founded in the year 2007 and it included five shipping companies in its group called evergreen group; which included Evergreen Marine in Singapore, Evergreen Marine Corporation in Taiwan, Evergreen Marine in Hong Kong, Italia Marittima and Evergreen Marine in the United Kingdom. This company is carrying shipping business in total 114 countries and the busiest sailing route of this company lies between the North America and the Far East.
Hapag-Lloyd is shipping company based in Germany. This shipping company had a merger with Chil earn firm Compania Sud Americana de Vapores in December 2014. And as an effect of that merger, the vessels of this company were increased up to 200 and there had also been an increase in the capacity which was reached up to one million TEU.
This shipping company is the fifth biggest shipping company in the world. This company is operating around 100 liners services along with a total of 40 services provided by CSAV throughout 112 countries. the company was founded in the year 1970 as a merger of Hamburg-American line or Hapag North German Lloyd and the both were established in mid of 1800.
4. AMERICAN PRESIDENT LINES
The headquarters of this company are situated in Singapore. This company has a fleet of 150 vessels having a capacity of more than 1.1 m TEU. The containers of the APL company are being sailed on major trade routes since the last 165 years. The shipping company is providing 80 services in a single week across 95 countries. The company is also facilitating inland reach through its incredible intermodal networks. The company was incorporated in the year 1848 and it was established in the United States. Earlier, the company was given the name Pacific Mail Steamship Company which was later on sold to Neptune Orient Lines in the year 1997 and then its name was changed as American President Lines.
3. CMA CGM- 1.55m TEU
It is the biggest leading shipping company of France. It is operating around 428 vessels in total which are holding an outstanding capacity of 1.55m TEU. The containers of the company are currently sailing on 170 shipping routes and they are serving around 400 trade ports in the world. The CGM group was founded in the year, 1978 when Jacques Saade founded the Compagnie Maritime d’Affretement. Which is a company owned by the state and it got privatized in the year 1996. This company is carrying on business in 150 countries and around 18,000 people are working under the company. In 2013, the total revenue earned by the company was around $15.9 billion.
2. MEDITERRANEAN SHIPPING COMPANY- 2.43 TEU
This is a famous shipping company which is established inGeneva, Switzerland. This shipping company holds an incredible intake capacity of 2.43m TEU. This company was founded in the year 1970 and has total 471 container vessels. The vessels of this company are called for over 316 ports across the globe and also sail for through around more than 200 international trade routes. This company is independently run and owned and is carrying on operations in total 150 countries. A Total of 24,000 people is providing their services to this company.
1. A.P. MOLLER-MAERSK- 2.8 TEU
The shipping company was founded by Arnold Moller in April 1904. The headquarters of the company is situated in Copenhagen, Denmark. This company has employed around 88,909 people in the world across 135 countries. In 2013, the total revenue earned by the company was estimated to be around $47.39 billion.
Moreover, during the first nine months of the year 2014, the revenue of the company was total $35.85 billion. the container shipping division of the company is operating a fleet of 580 container vessels and for that reason, it is the biggest shipping company in the world. The container vessels fleet include 272 vessels owned by Maersk holding a capacity of total 1.7m TEU along with a total of 308 chartered vessels holding a capacity of 1.1m TEU until September 2014.
There are numerous shipping companies in the world which are providing shipping services across the globe. The shipping companies have made the task of carrying heavy things easier and they make the overseas exchange of things even easier. The traders, businessman, manufacturers and others as well are relied upon the shipping companies for the delivery of their good and products.
It is an important task to hire a shipping company which takes well care of the goods which are being exported otherwise even a little damage to the goods may turn into a big loss to the businesses. The above mentioned is the list of top 10 largest shipping companies in the world which are making the task of shipping and carrying easier with each passing day.