The largest shipping companies in the world and a brief history of how they started.

These are the largest shipping companies in the world and a brief history of how they started

1. MSC (Capacity in TEUs 4,402,155) (Market percentage 17.2%) (Origin: Belgium)

2. Maersk (Capacity in TEUs: 4,229,864) (Market percentage 16.6%) (Origin: Denmark)

3. CMA CGM (Capacity in TEU 3,300,522) (Market percentage 12.9%) (Origin: France)

4. COSCO (Capacity in TEUs 2,926,022) (Market percentage 11.5%) (Origin: China) 

5. Happag Lloyd (Capacity in TEU 1,746,656) (Market percentage 6.8%) (Origin: Germany) 

6. Evergreen (Capacity in TEUs 1,533,410) (Market share 6.0%) (Origin: Taiwan) 

7. ONE (Capacity in TEU 1,505,181) (Market percentage 5.9%) (Origin Japan) 

Now if we start with some history: 

#1 MSC.

(Origin: Belgium) 

(Market percentage 17.2%)

(Capacity in TEUs 4,402,155) 

The history of the MSC Group began in Brussels, Belgium in 1970, when Captain Gianluigi Aponte founded the company with just a small cargo ship: the MV Patricia.  Since then, the business has grown and diversified to include a highly successful cruise line and passenger ferry services, as well as a leading port and land terminal infrastructure.  Headquartered in Geneva, the Group remains privately owned and focuses on caring for customers, employees and the environment.

Gianluigi Aponte

#2 Maersk.

(Origin: Denmark) 

(Market percentage 16.6%)

(Capacity in TEUs: 4,229,864)

In 1904 Mr. AP Moller together with his father Peter Maersk Moller created the Svendborg Steamship Company.  Despite initial difficulties, they managed to raise enough capital to buy a second-hand steamboat on October 6, 1904. 

AP Moller wanted to expand much faster than the Svendborg Steamship Company Board of Directors would allow, so when the opportunity arose, AP Moller founded another steamship company in 1912 to ensure greater operational independence.  Due to favorable circumstances in the shipping business during World War I, the new shipping company expanded rapidly.  Both companies were managed in parallel until 2003, when they merged under the same name: AP Moller - Maersk.

Maersk is headquartered in Copenhagen, Denmark, it also has offices in more than 135 countries.

Bonuses:

Maersk acquired the shipping company Hamburg Süd in December 2017.

APM Terminals is part of the Maersk group but operates independently.

Captain Peter Mærsk Møller participated in one of the most significant changes in shipping: the change from sail to steam at the end of the 19th century.

#3 CMA CGM.

(Origin: France) 

(Market percentage 12.9%)

(Capacity in TEUs 3,300,522)

CMA CGM SA is a French company.  With routes in 420 ports in 160 countries.  Its headquarters are in Marseille, France

The name is an acronym for two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM).

The history of CMA CGM dates back to the 1850's when two major French shipping lines were created, Messageries Maritimes (MM) in 1851 and Compagnie Générale Maritime (CGM) in 1855, soon renamed Compagnie Générale Transatlantique in 1861. Both companies were created in part with the backing of the French state.  The French government, under the presidency of Valéry Giscard d'Estaing and Prime Minister Jacques Chirac, progressively merged the two companies between 1974 and 1977 to form the Compagnie Générale Maritime, which was still owned by the French government but operated by the rules of the law. of the market in order to compete.  Compagnie Générale Maritime (CGM) operated as such from 1974 to 1996 when it was privatized.

On the other hand, Jacques Saadé had created CMA in 1978 with headquarters in Marseille.  In 1996, CGM was privatized and sold to Compagnie Maritime d'Affrètement (CMA) to form CMA CGM.

#4 COSCO.

(Origin: China) 

(Market percentage 11.5%)

(Capacity in TEUs 2,926,022)

China Ocean Shipping is a state-owned company of the government of the People's Republic of China.  Its headquarters are in Beijing and it was founded on April 27, 1961. It is another international giant specializing in international shipping and logistics.

The group has six listed companies and has more than 300 subsidiaries in the Chinese local market and abroad, providing freight forwarding, shipbuilding, ship repair, terminal operation, trading, financing, real estate and other services. IT (Information Technology) industry 

COSCO transports goods between 1,300 ports in more than 160 countries and regions around the world.

The COSCO Group has seven companies listed on the stock exchange:

Hong Kong: COSCO Pacific Ltd.

Hong Kong: COSCO International Holdings Ltd.

Hong Kong: China COSCO Holdings Co. Ltd. (H shares)

Shanghai: China COSCO Holdings Co. Ltd. (A shares)

Shenzhen: China International Marine Containers (Group) Co. Ltd.

Shenzhen: China International Marine Containers (Group) Co. Ltd. (B shares)

Singapore: COSCO Corporation (Singapore) Limited

Japan: COSCO Container Lines Japan Co., Ltd.

#5 Happag Lloyd:

(Origin: Germany) 

(6.8% market share)

(Capacity in TEUs 1,746,656)

Hapag-Lloyd AG is a German company that was formed in 1970 through the merger of Hamburg-American Line (HAPAG) and North German Lloyd.

“Hamburg America Line (HAPAG)” was founded in Hamburg, Germany in 1847 for the transportation of people and goods across the Atlantic Ocean  .

“North German Lloyd” was founded in Bremen, Germany in 1856 offering passenger and freight transport services between Bremen and New York, mainly serving immigrants to the United States.

Later, with the arrival of commercial aircraft, the passenger transfer service by ship was no longer necessary and this accelerated the need to merge both shipping companies in 1970, creating Hapag Lloyd.

In 1998 the company Preussag acquires the companies Hapag-Lloyd AG and TUI to form the TUI AG group.  Hapag-Lloyd brings together the maritime and logistics subsidiaries of the TUI group.

In 2005 the TUI group acquired the Canadian companies CP Ships, making the group the fourth largest container shipping company in the world.

In October 2008 TUI AG sold the majority of its Hapag-Lloyd shares (56.67%) to the Albert Ballin consortium, made up of the City of Hamburg, Kühne Holding AG, Signal Iduna, HSH Nordbank, MMWarburg Bank and HanseMerkur.  The remaining shares remain the property of TUI AG.

At the end of 2013, Hapag-Lloyd acquires the Chilean shipping company CSAV in the summer of 2015. As a result, Hapag-Lloyd becomes the fourth largest shipping line in the world.  For its part, CSAV received a 30 percent stake in Hapag-Lloyd, which increased to 34 percent as a result of the capital increase in cash.  In November 2015, Hapag-Lloyd successfully goes public and reports approximately 265 million Euros for the purchase of new ships and containers.

Today Hapag Lloyd continues to expand and digitize its processes.

#6 Evergreen Marine Corporation:

(Origin: Taiwan) 

(6.0% market share)

(Capacity in TEUs 1,533,410)

It is a Taiwanese company founded on September 1, 1968 by Yung-Fa Chang.  It started with a single ship offering “go anywhere” service. Later, a second ship was added in 1969 to service the Middle East. They continued to acquire more ships and routes to East Asia and Central America were added. to the US began in 1974.

Due to the nature of global expansion in 1981 the parent company changed its name to Evergreen International.

Evergreen Marine has since expanded to include other shipping companies such as Uniglory Marine Corp. (Taiwan) in 1984, Hatsu Marine Ltd. (UK) in 2002, and Italian shipping company Italia Marittima (formerly Lloyd Triestino in 1993) Uniglory became a division of the company in 1999. Evergreen Marine has also become a partner of EVA Airways and Uni Air.

Founder Yung Fa Chang

#7ONE:

(Origin: Japan) 

(5.9% market share)

(Capacity in TEUs 1,505,181)

ONE is one of the youngest shipping companies in the world because it officially began operating on April 1, 2018, ONE is the result of a merger (Joint venture) between the 3 largest shipping companies in Japan: NYK, MOL and K LINE where NYK has a majority share of 38% while MOL and K Line have 31% each.

ONE is headquartered in Japan but has commercial offices in Singapore, the United Kingdom, the United States, Hong Kong and Brazil, serving more than 90 countries.

Bonus: ONE decided to paint all of their ships and containers in magenta, which is a very striking pink.  The magenta color scheme was inspired by the "Cherry blossom trees" because it is one of the national symbols of Japan.

cherry-tree

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