Posts Tagged “container shipping”
Mediterranean Shipping Co. has become the word’s largest shipping line in terms of capacity, according to data compiled by Alphaliner and published on recently by Bloomberg.
The Danish carrier A.P. Moller-Maersk A/S is no longer the world’s largest container line.
MSC’s fleet can carry 4,284,728 standard 20-foot containers, 1,888 more than Maersk, giving both a market share of 17%.
Maersk, which first entered containerized trade in 1975, has held the top spot for decades. The carrier has been a pioneer in the industry, often breaking records by building the biggest ships.
More recently, it has invested in vessels that can sail on carbon-neutral methanol. It still has the most capacity in terms of owned vessels: MSC has about 65% of its capacity from chartered ships whereas Maersk only has 42%.
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. Freight rates out of Shanghai have jumped about five-fold over the last 18 months.
“We never set a specific target to be the biggest,” MSC Chief Executive Officer Soren Toft said in an emailed comment on Wednesday, adding that he’s focusing on growth and profitability.
Maersk CEO Soren Skou last month reiterated in an interview that holding the top spot isn’t important for the Copenhagen-based company, which is investing on expanding its land-based logistics where profit margins are higher.
BROWARD COUNTY, FL – Port Everglades is the newest stop on Evergreen Line’s CAJ weekly container shipping service to and from Panama, Jamaica and Haiti. Florida International Terminal at Port Everglades is the marine terminal operator for Evergreen, which has ships slated for arrival on weekends beginning May 2, 2020.
“Evergreen is a worldwide name in ocean shipping. Their presence at Port Everglades creates the opportunity for expansion into the Asian market,” said Glenn Wiltshire, Acting Chief Executive & Port Director.
Evergreen will have three vessels in the service rotation, which will include calls at Manzanillo, Panama; Colon-Coco Solo, Panama; Kingston, Jamaica; Port Au Prince, Haiti; Port Everglades; New Orleans; Houston before returning to Manzanillo, Panama.
About Evergreen
Based in Taiwan, Evergreen Line provides efficient shipping transportation throughout its global service network. The company operates some 200 ships, providing a capacity of approximately 1,270,000 TEUs. Evergreen Line maintains agency offices at more than 110 countries around the world, each providing superior transport services for local customers. More information about Evergreen Line and its services can be found at evergreen-line.com.
About Port Everglades
A global powerhouse for international trade, Port Everglades handles more than one million TEUs annually (20-foot equivalent units, the industry standard measurement for container volumes) and serves as a gateway to Latin America, the Caribbean, and Europe. Located within the cities of Fort Lauderdale, Hollywood, and Dania Beach, Florida, Port Everglades is in the heart of one of the world’s largest consumer regions, including a constant flow of approximately 112 million visitors statewide and 6 million residents within an 80-mile radius. Port Everglades has direct access to the interstate highway system and the Florida East Coast Railway’s 43-acre Intermodal Container Transfer Facility, and is closer to the Atlantic Shipping Lanes than any other Southeastern U.S. port. Ongoing capital improvements and expansion ensure that Port Everglades continues to handle future growth in container traffic. More information about Broward County’s Port Everglades is available at porteverglades