COPENHAGEN, Denmark (Dow Jones) – The world's biggest container shipping company, A.P Moller Maersk A/S, said it expects to continue suffering through the rest of the year as it swung to a first half loss on plunging container freight volumes.The Denmark-based company said the outlook ...
As of 2015, it held the record for the largest container ship, with a carrying capacity of 18,800 TEUs. Unlike the previous ships, which were generally owned and operated by Chinese or Japanese companies, this vessel is owned by the United Arab Shipping Company (UASC). Credits: DP World ...
Evergreen Line is a group of container shipping companies comprising Evergreen Marine Corp. (Taiwan), Italia Marittima, Evergreen Marine (UK), Evergreen Marine (Hong Kong), and Evergreen Marine (Singapore). The companies operate 333 vessels with a combined capacity of 1.2m TEU. Evergreen has...
One of the largest shipping companies in the world is South Korean Hyundai Merchant Marine, which was founded 44 years ago and launched two of the largest container ships in the world. HMM has formed a global business network with four international headquarters, 27 subsidiaries, 76 subsidiaries,...
What is the Outlook for the Shipping Industry? The end of the Covid-19 pandemic led to a boom in container shipping and a drop in the rates that shipping companies can charge. Industry estimates show that capacity will increase more than demand through 2025, which could place more downward ...
The Switzerland-based shipping firm, widely seen as a barometer for global trade, has a 17.5% market share in container traffic, according to Statista. Toft said while inventories are still too high in North America and Europe, driving down trade volumes, once inventory tapers down, freig...
Shenzhen Port is home to over 40 shipping companies that offer shipping services to over 130 countries worldwide. About 560 ships visit the port each month. The Port is spread over 260 km2 and has 140 berths, including 43 for ships weighing 10,000 DWT and more, 18 container berths, 9 co...
He said: “The fight for market share hurt the container shipping market, but today, following consolidation, the liner industry is more oligopolistic, where a few companies exert significant control over a market, enabling their joint actions to control the supply of ships. We are, therefore, ...
A shortage of truck drivers and global shipping logjams last year caused supply-chain disruptions at Felixstowe ahead of the busy Christmas shopping season, with some container ships diverted to other ports. A shutdown of the UK port due to strikes — during one of the busiest times of the ...
Maersk expects to take delivery of the eight ships from Hyundai Heavy Industries in early 2024 and has an option for four more the following year, making it the first container shipping company to order large carbon-neutral vessels capable of sailing from China to Europe and across the Pacific...