Top 15 Largest Shipping Companies In The World 2020- Thanks for visiting again! Hope our article has been informative and keeping you up to date. Today, we’ll be discussing the Largest Shipping Companies in the World 2020. As you know, shipping remains one of the primary media of transporting a large number of products through the sea routes. Therefore this article will be focusing on the Top 15 Largest Shipping Companies in the World 2020 and also provide all the information you need to know.
TOP 15 LARGEST SHIPPING COMPANIES IN THE WORLD 2020- ALL YOU NEED TO KNOW
The shipping company remains an integral part of transporting large products from one country to another. However, there are a few international container shipping companies that lead the race in terms of the scale of operation of their shipping lines.
- P. Moller–Maersk Group
- Mediterranean Shipping Company (MSC)
- CMA CGM Group
- Ocean Network Express (ONE)
- Evergreen Marine Corp.
- Orient Overseas Container Line
- Yang Ming Marine Transport Corporation
- Pacific International Line (PIL)
- Zim Integrated Shipping Services
- Hyundai M.M.
- Wan Hai Lines
- X-Press Feeders
- Republic of Korea Marine Transport Company
The shipping company on this list are enlisted based on the Twenty-foot Equivalent Unit capacity of their fleet according to the United Nations Conference on Trade and Development. TEU refers to how many twenty-foot shipping containers a company can carry at any given moment.
- #1. A.P. Moller–Maersk Group
- Country: Denmark
- Ships: 700
- TEU: 3,879,439
Likewise alluded to as Maersk, or Maersk Line, the A.P. Moller– Maersk Group is a Danish business aggregate and the world’s biggest holder shipping organization. Bragging a worldwide workforce 79,900 representatives crosswise over 130 nations, the behemothic bearer has a fleet of vessels (700) which approach 343 ports around the world. The shipping company was established in 1904, Maersk has a TEU limit of 4 million (17.7% piece of the overall industry).
- #2. Mediterranean Shipping Company (MSC)
- Country: Switzerland
- Ships: 473
- TEU: 3,118,108
MSC is a Geneva-based Italian shipping organization, referred to over the globe as a container shipping heavyweight and luxury ship administrator (MSC Cruises). MSC was established in 1970, and the organization has since then extended from a single vessel called Patricia to a 473 in number armada with a limit of 3.1 million TEU (14.5% piece of the overall industry).
- #3. CMA CGM Group
- Country: France
- Ships: 470
- TEU: 2,554,264
CMA CGM S.A. is a French shipping organization which was established in 1996 after the merger of Compagnie Maritime d’Affrètement (CMA) and Compagnie Générale Maritime (CGM). It has a rich history which can be dated back to 1851 and is presently the third largest shipping organization among the Largest Shipping Companies in the World. CMA CGM presently operates 470 vessels and a TEU limit of over 2.5 million (11.6% piece of the pie).
- #4. COSCO
- Country: China
- Ships: 330
- TEU: 1,972,491
COSCO fully means China Ocean Shipping (Group) Company, COSCO is a state-claimed Chinese transporter with base camp in Beijing. In February 2016, the organization converged with China Shipping Group, procuring Orient Overseas Container Line (OOCL) in July 2018 to turn into the world’s fourth-Largest Shipping Company in the World. COSCO has a piece of market share estimated to be 12.4% with a joined TEU limit of 1.9 million and has over 300 ships.
- #5. Hapag-Lloyd
- Country: Germany
- Ships: 217
- TEU: 1,550,874
Fifth on our rundown of the Largest Shipping Companies in the World is the German-based transportation organization established in 1970, Hapag-Lloyd. The organization was initially established after the merger of Amerikanische Packetfahrt-Actien-Gesellschaft (HAPAG) and Norddeutscher Lloyd (NDL). It has since converged with Compañía Sud Americana de Vapores (CSAV) in 2014, to turn into a German-Chilean possessed aggregate and the world’s fifth biggest transportation organization. Today the organization has 217 vessels.
- #6. Ocean Network Express (ONE)
- Country: Japan
- Ships: 228
- TEU: 1,536,312
Ocean Network Express shipping company occupies the sixth spot on our list of Largest Shipping Companies in the World. Abbreviated as ONE, is a Japanese company established on the 7th of July 2017 following the amalgamation of Nippon Yusen Kaisha (38% stake), K-Line (31% stake) and Mitsui O.S.K. Lines (31% stake) and has its headquarter in Singapore. With the rapid development and high transportation activities, the shipping company now has a fleet of 228 vessels with a TEU capacity of 1.5 million.
- #7. Evergreen Marine Corp.
- Country: Taiwan
- Ships: 200
- TEU: 1,110,708
Evergreen Marine Corporation, is a Taiwanese shipping company headquartered in Luzhu District, Taoyuan City, Taiwan and dubbed the Seventh Largest Shipping Company in the World, with a capacity of over 1.1 million TEU. The shipping company was established in 1968 and has evolved into having a fleet of 200 ships. Evergreen approaches 240 ports worldwide in around 80nations. Evergreen activities include shipping, construction of containers and ships, management of ports, and engineering and real estate development.
- #8. Orient Overseas Container Line
- Country: Hong Kong
- Ships: 99
- TEU: 689,986
Orient Overseas Container Line abbreviated as OOCL, is a Hong Kong-based shipping organization. OOCL is a large incorporated universal container transportation, coordination and terminal organization with workplaces in 70 nations. The company presently has 59 vessels of various classes, with limit fluctuating from 2,992 twenty-foot equivalent units (TEU) to 21,413 TEU, including two ice-class vessels for excellent climate conditions.
- #9. Yang Ming Marine Transport Corporation
- Country: Taiwan
- Ships: 100
- TEU: 609,749
Situated in Keelung, Taiwan, Yang Ming was established in 1972 and is the ninth Largest shipping organization in the World. It has a capacity of 632,647 TEU and an armada of 97 compartment boats.
- #10. Pacific International Line (PIL)
- Country: Singapore
- Ships: 132
- TEU: 413,334
Pacific International Line (PIL) is a privately held organization and is consolidated in Singapore. The shipping company operates 135 vessels with a TEU limit of 417,670. The company was established in 1967 by Chinese business person Chang Yun Chung; it is among the Largest Shipping Companies in the World occupying the ninth spot.
- #11. Zim Integrated Shipping Services
- Country: Israel
- Ships: 83
- TEU: 398,926
Zim Integrated Shipping Services Ltd is an American Israeli Shipping Inc. considered to be the biggest load shipping organization in Israel, and one of the best 20 worldwide transporters. ZIM Integrated Shipping Services has separate itself as a free transporter with a crisp, one of a kind methodology. ZIM’s procedure as a worldwide specialty bearer offers obvious points of interest to clients around the world.
- #12. Hyundai M.M.
- Country: South Korea
- Ships: 65
- TEU: 382,144
The organization at first founded a shipping company between the Far East and the Middle East and has since developed to become one of the Largest Shipping Companies in the world occupying the twelfth spot. HMM, has the largest portion of South Korea’s exports, becoming the number one Korean national containers carrier, especially since the termination of Hanjin service.
- #13. Wan Hai Lines
- Country: Taiwan
- Ships: 100
- TEU: 255,082
Wan Hai Lines was founded in 1965 in Taiwan as a shipping company and is currently the 13th largest player among the Largest Shipping Companies in the World, with an armada of 72 vessels and a capacity of 180,000 TEUs. Toward the starting, Wan Hai’s business was predominantly on the log transportation among Taiwan, Japan, and the Southeast Asia. In 1976, to react to the fast advancement of global exchange the Asia Pacific zone and the pattern of worldwide transportation containerization, Wan Hai has started the business of container vessel shipping.
- #14. X-Press Feeders
- Country: Singapore
- Ships: 89
- TEU: 126, 715
X-PRESS FEEDERS is a privately owned global company that is completely working in Singapore, Dubai, Bombay, Hamburg, Barcelona, and Panama. It is the biggest autonomous common bearer in the world, giving a wide land mass coverage and has no container of theirs. The company charter an armada of over 110 vessels, of which 40 are owned. X-PRESS FEEDERS work all through Asia, Middle East, Caribbean, Central America, Mediterranean, and Europe.
- #15. Republic of Korea Marine Transport Company
- Country: South Korea
- Ships: 57
- TEU: 124,460
Korea Marine Transport Co., Ltd was founded in 1954 and is based in Seoul, South Korea. The shipping company deploys regular container liner services to China, Southeast Asia, and Southwest Asia, the Russian Federation, and the Middle East. The organization additionally claims and works terminals in the port of Ulsan and Busan New Port 2-3 to undertake container handling, vessel operations, and load administrations. It offers its administrations to ports in Korea and universally.
Conclusion On The Top 15 Largest Shipping Companies In The World 2020- All You Need To Know
I believe you are now acquainted and knowledgeable about the Top 15 Largest Shipping Companies in the world. There are many more shipping companies fast-rising and expanding their TEU operations as well. Who knows, there might be new companies when a review of this article is done.
Tag: Top 15 Largest Shipping Companies In The World 2020- All You Need To Know