Top Shipping Companies

Shipping companies are key participants in international logistics. They are responsible for moving goods by sea across the world. That’s why it’s beneficial for us to learn more about them. You can learn a little about the top international shipping companies listed below.

A.P. Moller-Maersk Group is a Danish shipping and logistics company founded in 1904. The company transports dry cargo, refrigerated cargo, and special cargo, conducts used container sales, and supports intermodal transport. Maersk operates over 700 vessels, offering an extensive network of services that connect ports in every corner of the globe.

Mediterranean Shipping Company was founded by Gianluigi Aponte in Italy in 1970, with headquarters in Switzerland since 1978. It has a capacity of 5,326,425 TEUs (twenty-foot equivalent units). This represents a 19.3% share of the global maritime cargo market. With 783 vessels in its fleet, MSC also has orders for 121 more ships.

COSCO Shipping is an international container transportation and shipping company owned by the Chinese government and based in Beijing. This state-owned enterprise possesses one of the world’s largest fleets, strategically positioning China as a global trade hub. COSCO has a capacity of 2.7 million TEUs with 473 vessels and a market share of 12.2%.

CMA CGM Group is a French shipping and logistics company founded in 1978. It is the third-largest container shipping company in the world, with a presence in 160 countries. CMA CGM owns 509 ships that travel along 200 shipping lines and reach 420 ports (from 521 worldwide). It has a capacity to transport 2.6 million TEUs, which represents approximately 11.4% of the market.

Their huge fleets, extensive networks, and strategic positioning connect businesses and customers worldwide. Knowing more about these businesses will not only help you understand the opportunities and challenges involved in the global trade scene, but it is also going to be informative.

https://www.allthingssupplychain.com/the-10-biggest-shipping-companies-in-the-world/

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