Maersk overtaken as the world’s leading shipping company by MSC
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AP Moller-Maersk A / S is no longer the world’s largest container line.
The Danish carrier has been overtaken by Mediterranean Shipping Co. in terms of capacity, according to data compiled by Alphaliner and released on January 1. 5. MSC’s fleet can carry 4,284,728 20-foot standard containers, 1,888 more than Maersk, giving both a 17% market share.
Maersk, which first entered the container trade in 1975, has been in the top spot for decades. The carrier was a pioneer in the industry, often breaking records by building the largest ships. More recently, it has invested in vessels that can navigate on carbon neutral methanol. It still has the highest capacity in terms of owned vessels: MSC has around 65% of its charter vessel capacity while Maersk has only 42%.
AP Moller-Maersk A / S is ranked # 4 on the Transport Topics Top 50 list of the world’s largest carriers. Mediterranean Shipping Co. is ranked # 5 on the Transport Topics Top 50 list of the world’s largest carriers. Transport Topics’s Top 50 Global Carriers list is based on company revenue.
In this special 2021 Roundabout episode, host Mike Freeze looks at how trucking has not only worked to recover from the effects of the pandemic, but also to improve in the darkest times. Listen to a sample above and get the full schedule by heading over to RoadSigns.TTNews.com.
After struggling to make money for much of the past decade, the container shipping industry has just had its most profitable year ever as pandemic-induced demand for consumer goods puts straining the capacity of ships. Ocean freight rates rose 81% last year, as measured by the Shanghai Containerized Freight Index.
Maersk CEO Soren Skou reiterated last month that the top spot is not important for the Copenhagen-based company, which is focusing its investments on expanding its onshore logistics where profit margins are higher.
“It doesn’t mean anything,” he said in an interview on December 22. “The important thing for us is to grow with our customers” by encouraging existing customers to buy logistics services from Maersk rather than from its competitors with an expanded offer in land transport, he said.
The Geneva-based private company MSC has been run since 2020 by Soren Toft, former heir apparent to Maersk. While the poaching of a potential future CEO could deteriorate relationships between companies, Maersk and MSC are still working together in areas such as a ship-sharing partnership and a blockchain-based platform for sharing and sharing. streamlined shipping information.
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