1. AP Moller-Maersk
2. COSCO Shipping Lines
3. mediterranean Shipping Company ( MSC )
4. CMA CGM Group
5. evergreen Line
6. Hapag-Lloyd
7. Ocean Network Express ( ONE )
8. Teekay pot
9. Pacific International Line ( PIL )
10. Yang Ming Marine Transport Corporation
The class 2020 has changed the accustomed layout in the top 10 shipping companies ; some companies had to sell their vessels in order to stay in bootleg ; some postponed deliveries, so the flit size and capacity are rather explosive for all players .
At present the populace ecomony strives to climb from the Covid-19 abyss, so we ’ ll consider how the major companies made it through the 2020 crisis as nowadays it becomes both a topic of curiosity and prudence. plunderer : fiscal results are astonishing.
1. AP Moller – Maersk
Maersk have preserved its entitle of the largest shipowner in the earth own or operating 1 388 vessels. The bulk of the flit consists of container ships ( 713 vessels ) ; there are besides product tankers, 430 tugs ( Svitzer group ). In addition, Maersk is one of the oil and natural gas giants with 43 offshore vessels ( chiefly AHTS and Supply vessels ). The company besides owns 14 jack ups, 4 semi-submersibles and 4 drill-ships .
Interesting Facts about Maersk:
- Maersk accounts for 17 % of the universe ’ south container ship flit .
- Despite the global receding and 16 % refuse in cargo book during 2020, Maersk has managed to produce a profitable year. Their profit has reached $ 2.9bn which seemed highly improbable at the begin of the quarantine year. Søren Skou, CEO for A.P. Moller – Maersk, explains that the party managed to stay in black thanks to elastic capacity deployment, reducing costs and by borrowing to customers ’ needs. The company expects Q1 results to be even better. “ We are full ”, said Skou .
- Maersk has 19+ million containers of different sizes and kinds. If you put them in a row, there ’ ll be a chain approx. 4,500 kilometer long. This is a distance between London ( UK ) and Tehran ( Iran ) .
- Maersk ships mooring every 13 minutes .
- Maersk have placed orders for new M-class Anchor Handling Tug Supply Vessels and I-class Subsea Support Vessels .
Maersk Ukraine
Maersk Romania
2. COSCO Shipping Lines
incredibly, but the second largest shipping company in the earth is barely 5 years old. It was established in January 2016 by amalgamation of COSCO ( abbreviation for China Ocean Shipping ( Group ) Company ) and state-owned China Shipping in their attack to battle a downturn in the world ’ second maritime industry .
today the company owns and operates a fleet of container ships and bulk carriers and is headquartered in Beijing .
Interesting Facts about COSCO:
- COSCO is one more company that has demonstrated a hard operational performance during the COVID-19 pandemic. COSCO states a 8.18 % profit increase in their 2020 results report .
- The spectacular consequence was achieved despite volumes falling 6.2 % on external routes and more than 16 % drop in domestic taiwanese trade. Experts point that the survival acknowledge was exchangeable for all such companies :
– blanking sails ( there have been more than 400 blank sailing during spring lockdown while even today COSCO continues to post a timetable of lacuna sailing voyages on the web site ) ;
– maintaining cargo rates ;
– taking advantage of humble oil prices . - COSCO Shipping has recently entered into agreement with chinese e-commerce giant star Alibaba and its affiliate Ant Group to promote blockchain technology in shipping. Ant Group will develop fresh solutions for COSCO vessels, ports and add chain finance .
3. Mediterranean Shipping Company (MSC) 
MSC is an italian transportation company headquartered in Geneva. It was founded in 1970 and has grown from a single vessel ( M/V Patricia ) to a multinational pot with 587 ships moving 21 million TEU ( twenty-foot equivalent units ) via 200 routes annually, consequently holding 16 % grocery store contribution ( on Sept. the 3rd 2020 according to Statista.com ) .
The core of the company ’ sulfur fleet are container ships and cruise liners ( MSC Cruises ) .
Interesting Facts about MSC:
- MSC Cruises was founded in 1990 and has expanded more than 800 times since that clock time .
- The Company has its own individual island Ocean Cay near Bimini, Bahamas and uses it as a secret paradise destination .
- MSC Grandiosa has become the first big cruise ship liner to set sail amid Covid-19 pandemic. On August the seventeenth 2020 she left for the cruise around Western Mediterrania after Covid -19 test of all 2500 passengers and 2 weeks quarantine for the gang .
- MSC took pitch of 6 largest container ships in the populace during the year 2019 each vessel carrying 23 786 TEU. Their record has already been beaten by HMM vessels, but MSC Gülsün and her 5 sister ships remain among the biggest vessels in the global .
- MSC builds the ultimate cruise lining. The gross tonnage of MSC Europe will surpass 200,000 deoxythymidine monophosphate providing broad accommodation for her 5 400 passengers. MSC Europe is due to arrive in 2022 bringing about competition for the list of the largest cruise embark in the world with Royal Caribbean ’ south wonder of the Seas .
MSC Ukraine
4. CMA CGM Group
Another successful fusion in our list is a french company CMA CGM Group. It was established in 1996 through the incorporation of Compagnie Maritime d ’ Affrètement ( CMA ) and Compagnie Générale Maritime ( CGM ). The association of two nautical companies which dates back to the nineteenth century was conducted by President Jacques Chirac and Prime Minister Alain Juppé .
The company has developed significantly for the past 24 years to become the global ’ s one-fourth shipping company.
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Interesting Facts about CMA CGM Group:
- The company has become the foremost shipowner that dared to switch to LNG propulsion for their mega container ships ( LNG generates up to 25 % less CO2, 99 % less sulfur, 99 % less fine particles and 85 % less NO2. ) They took rescue of the worldly concern ’ randomness largest LNG-powered vessel, 23 000 TEU container ship CMA CGM Jacques Saade on the 22nd of September 2020 .
- In malice of an apparent respectability, the ship’s company have been involved ( but by and by officially victimized ) in a row of illegal arm-shipping incidents :
The first gear case occurred when two containers filled with “ gun sights, tracks and early spare parts for T-54 and T-55 tanks ampere well as other war material valued at an estimate $ 750,000″ were seized by south african authorities in November 2009. The invoice stated that containers travelling from North Korea to the Republic of Congo contained bare parts for bulldozers .
A year late, a dispatch of 107 millimeter artillery rockets ( Katyushas ), explosives and rifle ammunition was interjected in Lagos, Nigeria. 13 containers with arms were loaded on board of CMA CGM Everest in the iranian port of Bandar Abbas and were labeled as “ glass wool and pallets of stone ”. The Gaza Strip is believed to be the possible final address for that dispatch .
- possibly smugglers choose CMA CGM company, because they have the most convenient containers. The company offers more than 20 unlike types to accomodate any cargo .
- interim, a standard 20 ’ container can carry 11 000 iPads, meaning that you can pack all 360,000,000 always sold tablets on the one CMA CGM mega-container ship .
5. Evergreen Line
Taiwan headquartered caller which began its operations on the 1st of September 1968 with the single vessel called Central Trust. however, Evergreen soon developed from a humble cargo shipping caller into the drawing card of the Far East – the US East Coast Line .
The salute Evergreen Line consists of the four companies merged in 2007 : Evergreen Marine Corp. ( Taiwan ) Ltd., Italia Marittima S.p.A., Evergreen Marine ( UK ) Ltd and Evergreen Marine ( Hong Kong ) Ltd making evergreen Line one of the top embark companies in the world .
Interesting Facts about Evergreen Line:
- The party has had an particularly profitable year. H2 2020 has brought a profit of 3.8 Taiwan ’ s billions of dollars ( 131 million U.S. dollars ) compared a net loss of -447.5 million Taiwan dollars registered during April-June 2019 .
- Lloyd ’ s Register ( LR ) has awarded Evergreen Line with Digital Safe Security authentication for their 12,000 TEU extremist large container transport always Forward. She was delivered by Samsung Heavy Industries ( SHI ) on 28 September 2020 and has a new digital ship system installed . SVESSEL solution allows clamant access to all manoeuver data through the swarm, so the crew and onshore personnel can make more inform decisions about vessel control .
- Evergreen Line has become well-known all over the world due to the MV Ever Given incident. This 400m – long container ship has been blocking the Suez Canal for a week during March 2021.
6. Hapag-Lloyd
german company Hapag-Lloyd emerged in 1970 through the association of two nautical companies Hamburg-American Line ( HAPAG ) and union german Lloyd. The history of both dates back to the nineteenth hundred. The company has gone through a series of possession transfers and alliances since then, but remains the 6th ship cable in the worldly concern .
Interesting Facts about Hapag-Lloyd:
- similar to its competitors the company proved insubordinate against Covid-19 triggered receding. Earnings before interest, taxes, depreciation and amortization ( EBITDA ) increased to more than USD 3 billion ( approximately EUR 2.7 billion ) .
- Hapag-Lloyd have endured many crises for their retentive history. For exemplify, its integral separate north german Lloyd ( NGL ) had lost the majority of its flit twice. The company was involved in transatlantic passenger-cargo transportation system, and had their vessels in the USA when World Wars broke out. Both times the fleet and the New Jersey al-qaeda were confiscated as reparation costs and NGL had to start over .
- cooperation between 2 companies started a lot earlier than the 1970s fusion. Hapag ’ second talented conductor Albert Ballin initiated Conference of North European Lines in 1872 to prevent rates ’ battle and to encourage resources pooling in mailing contracts and cruise shipping operations ( both companies were their time leaders providing best liners and itineraries ) .
- In December 2020 the Company has ordered five 23,500 TEU-plus LNG-powered vessels from Daewoo Shipbuilding & Marine Engineering in South Korea and is going to spend about USD 1 bn for their construction. Mega container ships will be employed on Hapag-Lloyd ’ sulfur Europe–Far East routes as part of THE Alliance, as was pointed in the Carrier ’ second statement .
7. Ocean Network Express (ONE)
ONE is a joint speculation between container divisions of three big japanese ship companies : Nippon Yusen Kaisha ( NYK ), Mitsui O.S.K. Lines ( MOL ) and K Line. It was established in 2016 in an effort to strengthen positions in the asian market. Nowadays, ONE is the seventh in the line of biggest embark owners in the world and the leader in the asian joint container commercialize .
Interesting Facts about Ocean Network Express:
- The bodied magenta color is called to remind of sakura blossoms which is a outstanding symbol of Japan. ONE has presented its new corporate expressive style in 2018 ; and nowadays paints all its vessels and containers in brilliantly magenta ( reverse colors for joint containers ) .
- The ONE has delivered the best results for the Q3 since the unify of the 3 companies. The profit importantly increased to USD 944 Million ( compared to the lapp period last year ( +USD 939Million ) thanks to the fast recovery in cargo necessitate and increases in the short-run freight commercialize .
8. Teekay Corporation
Teekay Corporation will steal a prove from container embark owners for a piece. Teekay is the top tanker ship owner in the world with above 140 vessels in their evanesce. The company was started by Danish emigrant with a couple of creaky oil tankers in 1973, but expanded vastly in the 80s trading in the dangerous Persian Gulf waters during the Iran – Iraq war .
today the company operates not lone petroleum tankers, but LPG/LNG carriers and has ventured into vegetable oil and boast production and offshore industry .
Interesting Facts about Teekay Corporation:
- Teekey ’ s CEO, Kevin Mackay, commented on 2020 fiscal results : “ We reported amalgamate adjusted net income of $ 83 million, or $ 0.82 per share, compared to the anterior year ’ sulfur adjusted net loss of $ 19 million, or $ 0.19 per share, and we increased our full adjust EBITDA to $ 1.1 billion, up about 15 percentage over the prior class ” .
- company ’ sulfur name is the abbreviation of the collapse ’ south first and second names : Torben Karlshoej .
- Teekay Petrojarl is the largest FPSO operator in the North Sea today. It operates 5 FPSOs and 1 storage tanker ; their sum casual production reaches 339,000 barrels ; while storehouse capacity is 1 million barrels ( 160,000 thousand 3) of crude oil.
9. Pacific International Line (PIL)
Pacific International Line ( PIL ) StatisticsPIL is a Singapore-based company which was started from equitable 2 former Dutch ships re-named ‘ Kota Singa ’ and ‘ Kota Naga ’ in 1967. It has developed into one of the worldly concern ’ mho leading shipowners operating 95 container ships, bulk carriers and Multipurpose vessels within 50 years .
Interesting Facts about Pacific International Line:
- PIL and COSCO have created a chartering pool in order to supply and exchange vessels during shipping demand peak times .
- Pacific International Line has been through a unmanageable two years and has sold lots of assets in order to stay in black. The company has offloaded 2 more container ships Kota Pemimpin and Kota Petani ( the 2018-built, 11,932 TEU baby ships ) to Seaspan fair in September 2020. many experts point that PIL is about to leave Top 10 liners lists .
10. Yang Ming Marine Transport Corporation
Yang Ming is one of the leaders on the asian market. It was founded in 1972, but has historical roots with China Merchants Steam Navigation Company which dates back to the nineteenth century. Yang Ming is headquartered in Taiwan ; has terminals in China, the USA, Belgium and Taiwan operating on all major lines .
Interesting Facts about Yang Ming:
- Yang Ming carried a dispatch of 1700 idle Nuclear fuel rods ( two batches of about 20 containers each ) from Taiwan to the USA following the closing of the 4th plant of Taiwan Nuclear Power Station in September 2018. Over 200 police and company officers were ensuring condom on the pier during load .
- Experts from Shippingwatch portal have counted dependability of major container lines and discovered that their punctuality has plummeted for the past years. Yang Ming ’ s ability to arrive on time has downgraded from about 85 % in time arrivals in 2011 to 65 % in 2020 .
The year 2020 is ultimately over and fiscal results are eloquent. The lapin hole the nautical industry seemed to be falling into during spring appeared to be shallow. The demand is restoring cursorily while dry cargo ship owners have been promptly to adopt capacities and take advantage of bunkering prices.
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consequently, the ship diligence has once again demonstrated its resistance to any unprecedented crisis and we can reasonably hope that jobs at sea will be available as usual .
Author: Filip Drozda
Filip is a maritime professional. He has been working in the ship industry for 25 years. Mr. Drozda is an technical in crewing for dry cargo and offshore vessels ; has a strong technical background, speaks Polish, English and russian languages .