Top 40 Container Carriers

Profits for the January through September period at Evergreen and Yang Ming have fallen sharply compared with the first nine months of last year.

A global shippers group is questioning whether the savings container lines enjoy through the deployment of mega-ships, alliances, slow steaming, and consolidation are being fairly shared with importers and exporters, urging for a new commercial contract between shippers and liners.

Hapag-Lloyd posted a higher net profit in the third quarter, but the German container line’s operating result dipped.

Ocean Alliance, THE Alliance, and 2M Alliance will compete fiercely for market share in the North American trades.

THE Alliance on Tuesday announced details of its network of routes and port calls.

Doubts that Hanjin Shipping wouldn’t join the THE Alliance began once the liner was placed in receivership Aug. 31, fueling speculation that HMM might take its place.

Medium-sized container lines likely will trigger the next round of consolidation in a bid to keep pace with the market leaders that are pulling ahead following a wave of mergers.

The credit ratings agency Moody’s has downgraded the rating for Nippon Yusen Kabushiki Kaisha, parent of NYK Line.

The container shipping market is concentrated in the hands of fewer players, which might improve profitability.

Yang Ming Line Chairman Bronson Hsieh has dismissed market speculation that his Taiwan line could merge with Evergreen Marine.

Rising volume was not enough to offset a sharp fall in freight rates that dragged Maersk Line to a third-quarter loss of $116 million.

Maersk Line will announce its third-quarter results on Nov. 2, the first set of financials by the world’s largest container line since CEO Soren Skou outlined a strategic review of the group in September.

Synergies can be obtained through a single operating unit.

A merged NYK Line, “K” Line, and MOL would be the dominant mover of containerized goods from Asia to the United States if operations were to begin today.

Japan’s Big Three container lines downgraded their full-year earnings forecasts and said they expected record losses as their fiscal first-half results illustrated the financial difficulties that motivated their Monday announcement they would merge.

With no turnaround for container shipping in the foreseeable future, the three largest Japanese shipping companies are merging.

Three Japanese lines seek scale benefits in move to merge container divisions.

The operational update of Orient Overseas Container Line is a perfect reflection of the dismal operating environment container lines are trapped in — more cargo is being carried on major trades for less revenue.

Anxiety over the staying power of container lines after the Hanjin Shipping collapse is thick among beneficial cargo owners, vendors, and the container lines.

The collapse of the seventh-largest global container line in terms of deployed capacity sends a clear message: All bets are off.

US maritime regulators gave the green light to the Ocean Alliance to take sail on US trades in April.

Maersk Line has resumed calls to Iran after a five-year hiatus.

Container shipping is set for a gradual recovery after hitting bottom with the collapse of Hanjin Shipping, but the road ahead is anything but smooth.

The top 18 container lines face potential asset writeoffs of about $35 billion.

CMA CGM has named Michel Delville as the French ocean carrier’s CFO.

Hanjin's bankruptcy has shown that it is not only shippers that need to pay attention to the financial state of their chosen carriers, alliance members also need to keep an eye on their partners.

NYK Line on Friday announced that it expects to book extraordinary losses of nearly $2 billion.

The negative operating margin results include those of the largest container lines.

A federal judge has agreed to hear the arguments of several chassis, container, and fuel providers demanding Hanjin Shipping reply more quickly to their “urgent” requests for information on the location of their assets.

The world's top five lines now control more than half of the global fleet, but M&A activity will concentrate still further capacity in the hands of the few.

A prominent Russian maritime lawyer said the companies should appeal the decision in the hopes of having the decision overturned.

An intense focus on cost cutting by carriers is having an impact on customers.

“K” Line accuses APL Logistics of telling the latter’s customers that the Japanese container line could go bankrupt.

Maersk Group will be reorganized into two separate divisions, with the synergy efforts expected to deliver cost savings of around $600 million over the next three years.

The failure of Hanjin Shipping has raised profound questions regarding the risks of ocean container transportation in corporate boardrooms throughout the world.

Hapag-Lloyd is considering offering premium services to shippers such as first-box-off or voyage-specific space guarantees.

CMA CGM is outsourcing some of its global feeder operations in a move rival carriers likely will follow.

The Busan Port Authority will offer discounts to CKYE Alliance members in a bid to keep Busan’s cranes busy.

Shippers using CKYHE Alliance partners of Hanjin Shipping had the most exposure to the liner’s collapse, but others also were hurt.

The container shipping industry hit bottom in 2016 and is poised to experience three to four years of relative stability before going through another round of consolidation.