The industry is also a billion dollar business. Here now is a list of the top 10 largest shipping companies in the world.
10. Orient Overseas Container Line
Orient Overseas Container Line is a shipping container and logistics
service company based in Hong Kong. It has 280 offices in 55 countries
and provides 78 services in international trading markets. The company
was established in 1969 and has a fleet of more than 270 ships with
different capacities and capabilities. Its ships range from 2,500
twenty-foot equivalent units, or TEU, to 13,000 TEU. It also owns some
ice class vehicles that can be used for extreme weather conditions. It
is a member of the Grand Alliance that includes Hapag Lloyd and Nippon
Yusen Kabushiki Kaisha. 9. Mitsui O.S.K. Lines, Ltd.Mitsui O.S.K. Lines, Ltd., or MOL, is a transport company based in
Tokyo but whose main line of business is international shipping. The
company was established in 1884. It was formed as a result of the merger
between Mitsui Steamship Co., Ltd. and Osaka Shosen Kaisha, or OSK. Its
fleet includes bulk carriers, car carriers, cruise carriers, ferries,
LNG carriers, tankers and container ships. 8. Nippon Yusen Kabushiki KaishaNippon Yusen Kabushiki Kaisha, or NYK, is a member of the Mitsubishi
Group of companies. It is based in Tokyo in Japan and is one of the
largest shipping companies in the world. It can trace its roots all the
way back to 1870 when the Tosa clan established the Tsukumo Shokai
Shipping Company. It has the distinction of operating the first
passenger line service in the country, which it did in 1875 as
Mitsubishi Shokai. It currently operates 776 major ocean vessels, apart
from its fleet of planes, trucks and trains. 7. Hanjin Shipping Co. Ltd.Hanjin Shipping Co. Ltd. is a shipping company founded in 1949 and
based in South Korea. It has a fleet of more than 200 ships, including
containerships, bulk carriers and LNG carriers. It ships more than four
million TEU containers every year, with more than half of them at 2.3
million being handled in the terminal in Busan. The company makes use of
Gantry cranes and operates around 60 liner and tramp trade services all
over the world. 6. Hapag LloydHapag Lloyd is a transportation company based in Germany that was
founded in 1970. It can trace its roots to the middle part of the 19th
century, however, as the company is a result of the merger between the
Hamburg Amerikanische Paketfahrt Aktien Gessellschaft, or Hapag that
dates back to 1847, and Norddeutscher Lloyd, which was established in
1856. The company also purchased CP Ships, a Canadian liner, in 2005.
The company currently has 147 vessels. 5. China Ocean Shipping Container LineChina Ocean Shipping Container Line, or COSCO, is a provider of
shipping and logistics services based in China. The company was
established in 1961. Its main lines of businesses are freight
forwarding, shipbuilding, ship repairing, and operation of terminals. It
is the largest liner carrier and dry bulk carrier in China, and one of
the largest dry bulk shipping operators in the world. It has more than
300 subsidiaries and owns and operates around 550 ships. Its total
carrying capacity is 30 million metric tons deadweight. 4. Evergreen Marine CorporationEvergreen Marine Corporation is a shipping company founded in 1968
and based in Taiwan. It has over 150 ships that call on 240 ports around
the world in around 80 countries. Its ships are easily distinguishable
by the color green and the word Evergreen painted prominently on the
side of the ships. The company also owns another company in Taiwan
called Uniglory Marine Corp., and has subsidiaries in the United Kingdom
called Evergreen UK Ltd. and Italy called Italia Marittima S.p.A. 3. CMA CGM S.A.CMA CGM S.A. is a transportation container and shipping company based
in Marseilles in France, with a North American headquarter in Norfolk
in Virginia. It traces its roots to 1851 with the founding of
Messageries Maritimes, or MM, which merged with a company called
Compagnie Generale Maritime, or CGM. CGM was a state company that was
privatized in 1996 and sold to Compagnie Maritime d’Affretement, or CMA.
As CMA CGM, it went on to buy the Australian National Lines and Delmas
of France. The company now has 200 routes operating in 400 ports in
around 150 different countries. 2. Mediterranean Shipping Company S.A. The Mediterranean Shipping Company S.A. is a shipping line based in
Geneva in Switzerland. Established in 1970, the company has a presence
in all the major ports around the world, though its most important port
is the one in Antwerp in Belgium. It currently operates 474 vessels with
a total combined capacity of 2.3 million TEU. It has vessels with a
capacity of 13,800 TEU, including the MSC Beatrice and the MSC Emanuela,
the latter of which is considered to be one of the largest container
ships in the world. It has been named as Shipping Line of the Year six
times in a span of 11 years starting from 1996. 1. A.P. Moller – Maersk Group A.P. Moller – Maersk Group is a conglomerate based in Copenhagen in
Denmark that was established in 1904. It is considered as the largest
container ship operator and supply vessel operator in the world. The
company has held that distinction since 1996. It operates 600 vessels
with 3.8 million TEU. It also owns the ship Emma Maersk, considered as
the largest container ship in the world. The company has a presence in
135 countries around the world.
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