4.COSCO – China Ocean Shipping Company The China Ocean Shipping Company, or COSCO, as it is popularly known, is one of the leading conglomerates in terms of container shipping companies. COSCO pushed down to 4th position by CMA CGM, has its operations spread over 40 countries with a fleet ...
It is a Swiss international cargo company established in the year 1970 and is rated to be one of the most extensive cargo companies globally, with a TEU capacity of around 4,287,473 TEU. MSC – Mediterranean Shipping Company
In the ever-changing realm of global trade, Container Shipping Companies have undergone a significant metamorphosis since the advent of containerized cargo.LeghornGroup, an innovative manufacturer of security solutions established in 1978, has been an instrumental part of this transformative journey. Our ...
After struggling to make money for much of the past decade, the container shipping industry just had its most profitable year ever as pandemic-driven demand for consumer goods strains capacity on vessels. Ocean freight rates gained 81% last year, measured by the Shanghai containerized freight ind...
South Korea’s largest shipping company, Hyundai Merchant Marine (HMM), is officially up for sale. HMM’s main creditors, the government-controlled banks Korean Development Bank and Korea Ocean Business Corporation, which collectively hold around 40% of HMM’s shares, announced their advisors’ ...
The world's three largest container shipping companies have decided to cooperate in the fight against piracy in the Gulf of Aden and the Indian Ocean, according to Transport Intelligence.The cooperation between CMA CGM, MSC and Maersk Line includes information exchange on safety measures, piracy ...
This article also covers all main marine shipping routes (trade loops), container shipping alliances (G6, CKYHE, 2M, Ocean 3) and largest shipping companies, including MSC, MAERSK, CMA-CGM, EVERGREEN MARINE, HAPAG-LLOYD (merged with UASC), COSCO, CSCL, HANJIN, ONE (MOL+NYK+K-LINE), HA...
The twenty-foot equivalent unit (often TEU or teu) is the shipping industry’s standard unit of measure. Throughput is defined as the total volume of cargo handled. The values have been rounded. Citation formats Citation formatsView options ...
The battle for the largest container ship is on. An ocean shipping company builds a record-breaking new vessel, and yet just months later a competitor announces the construction of an even larger ship. As the competition picks up, the pace of progress increases right alongside it. ...
Ocean shipping is an integral part of the world's supply chain —more than 80% of global trade volumeis carried by sea, according to the U.N. Trade and Development organization. Lack of crew could also disrupt supply chains, as ships may be held up in ports, Dutt said. ...