Here comes another top-10 list by Container News. This time, we will see the largest container shipping companies in terms of owned carrying capacity.
After checking the respective list of charteredcarrying capacity. it’s time to take a look at the TEU capacity each container carrier owns.
The following list is based on Alphaliner’s data at the end of December 2022
1. A.P. Moller – Maersk – 2,535,600 TEUs (60% share of the overall fleet capacity)
A.P. Moller-Maersk is a container shipping firm headquartered in Copenhagen, Denmark that transports around 20% of the world’s food, commodities, and trade across 130 countries. The Danish maritime corporation owns over 900 enterprises, including APM Terminals, Hamburg Süd, Damco, Svitzer, and Seago Line.
2. Mediterranean Shipping Company (MSC) – 2,086,500 TEUs (45% share)
The Swiss/Italian ocean company, the world’s top box shipping line, maintains a total fleet of 730 ships and transports roughly 23 million TEUs yearly. MSC’s global service network links 150 countries with more than 260 trade channels.
3. CMA CGM – 1,587,000 TEUs (47% share)
CMA CGM has been in business for 40 years and is the world’s third-largest container carrier in terms of owned vessel TEU capacity and second in terms of chartered capacity.
4. COSCO Shipping Lines – 1,568,800 TEUs (55% share)
480 ships and a service network that calls on more than 570 ports, as well as over 400 trade routes that connect around 140 countries.
5. Hapag Lloyd AG – 1,111,400 TEUs (62% share)
Hapag-Lloyd is one of the world’s major ocean carriers for transatlantic, Middle East, Latin American, and intra-American trade, with over 250 ships, 12 million TEUs yearly, and over 14,500 employees spread throughout 400 offices in 137 regions.
6. Evergreen Marine Corporation – 927,700 TEUs
7. ONE – 787,600 TEUs
8. HMM – 555,900 TEUs
9. Wan Hai – 345,100 TEUs
10. Yang Ming – 216,300 TEUs
You can read the article here: Top 10
Source: ContainerNews
Ajay Banga tapped by Joe Biden as institution shifts to greater focus on climate change
Joe Biden has nominated former Mastercard chief executive Ajay Banga as World Bank president, picking a Wall Street veteran raised in India to oversee the institution’s biggest mission change in a generation. Banga’s nomination, a week after sitting president David Malpass abruptly resigned, comes as the US and other shareholder nations seek to expand the bank’s development remit to include the fight against global warming. Biden said Banga had a grasp of the challenges facing developing countries and “critical experience” in mobilising private money to “tackle the most urgent challenges of our time, including climate change”.
Source:FT
We are global market leaders on AEO and Trusted Trader solutions and have been involved as advisors when Iceland Customs developed their Authroised Economic Operator (AEO) programme.
On Thursday 2 March, I will do an inteaction session with Icelandic business organizations and traders in Reykjavik.
It is the Conferederation of Icelandic Enterprises and Iceland Customs that organize the meeting, where I will talk about international AEO trends and benefits.
The meeting will take place atv the HQ of the confederation of Icelandic Enterprises. It consists of several sectors, e.g., Federation of Trade & Services (SVTH), the Federation of Icelandic Industries (SI), Fisheries Iceland (SFS), Association of Icelandic Producers (Samál). The Confederation of Enterprises is the umbrella organization.
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