JOC Ranks Top 40 Container Carriers

Monday, July 20, 2009

U.S. containerized imports and exports plunged 21 percent in the first quarter, with No. 2 carrier Switzerland-based Mediterranean Shipping Co. defying the trend with an 8.9 percent increase in import volume despite one of the worst periods in the history of containerized shipping, The Journal of Commerce reported.

The first-quarter numbers reported in the Top 40 Container Line rankings published in The Journal of Commerce July 20 edition were the first to show the full impact of the global economic crisis. Although trade began to slow early in 2008, container volumes did not start to tumble until early in last year's fourth quarter.

The slowdown in trade has forced ocean carriers to reduce staff and services and idle ships. Amid estimates that container ship lines could lose $20b this year, carriers in the Asia-to-U.S. market are asking customers to accept rate increases of up to 50 percent.

Mediterranean Shipping, which has expanded with the addition of large new ships, has risen in The Journal of Commerce's rankings from 35th in 1988. Geneva-based MSC posted a remarkable 8.9 percent jump in imports, making the Geneva-based carrier one of only six of the JoC Top 40 carriers with an increase in import volume.

Thirty-eight of the carriers on the JoC Top 40 lists recorded declines in exports, and 18 of the 20 largest lines on the list posted double-digit drops in export volume.

Denmark-based Maersk Line remained the largest carrier in U.S. containerized cargo, with first-quarter market shares of 11.8 percent in imports and 11.1 percent in exports. MSC was second in imports, with an 8.5 percent share, and exports, with 11 percent.

These and other trade statistics are analyzed in a special report on container shipping in the current issue of The Journal of Commerce, the weekly newsmagazine covering global trade and logistics.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Asia-Euro Box Rates Jump 88 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 88.2 percent to $1,312 per 20-foot container (TEU) in the week ended on Friday,

Seaspan Receives 5th 10K TEU Boxship

Seaspan Corporation announced yesterday that it accepted delivery of a 10000 TEU containership, the MOL Brightness.   The new containership, which was constructed

CMA CGM to Retrofit 10 More Bulbous Bows

The CMA CGM Group said it will retrofit 10 of its vessels’ bulbous bows to achieve improved energy efficiency for slow steaming. The modifications are in addition

 
 
Maritime Contracts Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3860 sec (3 req/sec)