Maersk Said That The Number One Is Not Important, And The Shipping Capacity Ranking Of Global Shipping Companies Is Stable

- Dec 31, 2019-

According to alphaliner's latest data, as of the end of November, the top three container shipping companies in the world are still Maersk shipping (4.91829 million TEU, accounting for 17.8%), Mediterranean Shipping (3.735699 million TEU, accounting for 15.9%) and COSCO Shipping Group (2.939505 million TEU, accounting for 12.5%).

The 4th to 10th places are Dafei ship, Herbert, one, EVA shipping, Yangming shipping, Taiping shipping and modern merchant shipping. Among them, the top seven have capacity of more than 1 million TEU. The transport capacity of the top 10 transport companies remained basically unchanged.

The 11th to 20th places are as follows: Yixing shipping, Wanhai shipping, Zhonggu shipping, Iran international shipping (IRIS), Anton holding, Koryo shipping (KMTC), Haifeng International, x-press feeders group, Dexiang shipping and Senluo merchant shipping.

According to alphaliner's statistics, at present, the total number of container ships operating in the world is 6148, about 23.55 million TEU, equivalent to about 280 million dwt. Among them, the top three transportation companies account for 46.2% of the global market share, and the top 20 transportation companies account for 89.3% of the global market share.

However, it is worth mentioning that although Maersk shipping is still the world's largest transportation company, the global market share of Maersk shipping has declined by 1.5% since January 2018, while the Mediterranean Shipping and COSCO Shipping increased by 1.1% and 1% respectively.

Alphaliner pointed out that Maersk had previously hinted at the need to supplement new ship orders to expand its fleet, but stressed that its capacity growth is expected to be slightly lower than the market by 2020-2021. On the other hand, compared with the main competitors, Maersk shipping market share is shrinking, while mediterranean shipping and COSCO Shipping Group market share are growing.

Alphaliner analysis said that Maersk shipping will reduce its assets in the next two years, and the company's annual capital expenditure will be limited to $1.5 billion to $2 billion, which is lower than the current annual depreciation amount of about $3 billion (excluding lease) of Maersk shipping. Based on the existing orders of Maersk shipping, alphaliner predicts that by 2021, the total capacity gap between Maersk shipping and the Mediterranean is likely to narrow to 291000 TEU.

Previously, Soren Skou, chief executive of Maersk, said that in his view, the number one or the world's largest integrated transportation company is not the most important thing for Maersk. Whether it can expand its business and increase its profits is the key.