Top 40 Container Carriers

SM Line is hoping to partner with its larger Korean rival HMM as the carrier plans to launch a new trans-Pacific service.

The impact of mega-ships and consolidation will see the alliances needing to revise their network offerings in 2018, creating new uncertainty for shippers already concerned at potentially large numbers of canceled sailings.

The pre-Lunar New Year push so far this year has been erratic.

APL was No. 13 on the trans-Atlantic trade in the first three quarters.

CMA CGM has completed its acquisition of Mercosul Line, kicking off a battle for control of the fast-growing Latin American market.

The capital injection from 257.7 million new common stock shares, at 10.18 New Taiwan dollar per share (about $0.34) is the third stage in the company’s recapitalization effort.

The Cosco-OOIL deal took another giant step towards becoming the world's largest carrier in total liftings when it received approval for the takeover from the European Commission.

Latin America leads Maersk's trade lanes in terms of capacity following the completion of the Hamburg Süd takeover, but rising demand is making the routes even more competitive.

The merger will create a European-wide transportation company with 18 services.

Six months after the merger process started, UASC was integrated with German carrier Hapag-Lloyd.

Independent container lines increased their combined market share as well as their total volume of imports in the third quarter.

The cash infusion surpassed the company’s initial goal of raising $165 million.

CMA CGM is the latest carrier to post strong operating results as it announces an adjustment of its top leadership.

ZIM's profitability turnaround continues as rising rates and volume in the peak season drive up its steadily improving financial results.

Offering the right solutions and not the lowest price will be the way carriers can differentiate themselves, believes the APL CEO.

Brazilian regulators cleared the final hurdle for Maersk Line's $4.3 million acquisition of Hamburg Süd.

Container shipping’s supply and demand gap is set to converge in 2018.

Carrier profitability is broad based and 2017 is shaping up to be a good year, but the imbalance between supply and demand will put the brakes on the improving business.

Blockchain pilot programs have been flourishing this year.

A charter deal between Cosco and PIL will address capacity shortages in certain trades and allow the Chinese carrier to utilize surplus tonnage.

Carriers will find it tough to levy rate hikes with so much capacity awash in the market, SeaIntel says.

It has been a remarkable ride for South Korean start-up carrier SM Line, which is about to enter the Top 20 that after just six months of operations.

Zim Integrated Shipping Services swung to a slim profit in the second quarter from a hefty loss a year ago.

The wake-up call to the cost of unsustainably priced freight sent by the demise of Hanjin Shipping may be short-lived.

After chasing market share during the rate wars of 2016, Maersk Line is now concentrating on maintaining profitability in the recovering market.

Maersk Line had a good second quarter and expects this to continue, and not even a possible $300 million third quarter hit from the cyber attack will derail its full-year profit expectations.

Niche carriers either greatly overperform or dramatically underperform the top 16 carriers.

The number of top global carriers has fallen since 2014.

Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.

The most reliable carrier in the quarter was Wan Hai.

The double-digit second-quarter volume and revenue growth will come as good news to OOCL’s prospective new owner, China Cosco Shipping Holdings.

After six consecutive years of losses, the shipping industry headed for return to profits this year and next.

PIL has declined to speculate on the attractiveness of the mid-sized carrier as a takeover target.

The majority of ships deployed on Asia-Europe by the end of 2018 will be greater than 18,000 TEU, which will have implications for rate levels and ports.

“The info is wrong.”

Pacific International Lines' traffic in US imports from Asia rose 67 percent year over year in the second quarter.

“There aren’t many other takeover candidates left on the shelf.”

A combined Cosco-OOCL carrier will further reduce the options for shippers that have been cut drastically by a wave of consolidation in the past year.

The deal maintains the Hong Kong carrier’s brand and marks a new chapter in the ongoing industry consolidation.