Headquartered in Shanghai, this Chinese giant offers multinational transportation service, stevedoring, chartering and shipbuilding. The COSCO fleet stops at more than a thousand ports around the world. Now before we go to the biggest shipping company on this planet, let us first explore two other large companies which may come within the top 5. TEU refers to how many twenty-foot shipping containers a company can carry at any given moment. As the second largest cruise ship company in the world, Royal Caribbean Group was also severely hit by the coronavirus. Between 1957 and 1966 Warren Buffett’s hedge fund returned 23.5% annually after deducting Warren Buffett’s 5.5 percentage point annual fees. In a free sample issue of our monthly newsletter we analyzed Warren Buffett’s stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffett’s portfolio. You can easily spot these ships because of their green hull with a huge stencil mark on its side with the letters “EVERGREEN”. Even with the series of sale on some of their subsidiaries, A.P. Although their net loss mounts at US$-286 million as of this writing, the company is still valued at US$7.37 billion with a revenue of US$4.9 billion. To solve the mystery of its acronym within its name, OSK actually stands for Osaka Shosen Kaisha. This site uses Akismet to reduce spam. Zim Integrated Shipping Services Ltd is an American Israeli Shipping Inc. considered to be the biggest load shipping organization in Israel, and one of the best 20 worldwide transporters. MSC is a Geneva-based Italian shipping organization, referred to over the globe as a container shipping heavyweight and luxury ship administrator (MSC Cruises). How about other companies operating on cruise ships, bulk ships, drill ships, tanker markets and many others? Also, the best international shipping company is FedEx that has great international parcel shipping costs from the U.S to throughout the world. Alphaliner does a great job at that! The organization additionally claims and works terminals in the port of Ulsan and Busan New Port 2-3 to undertake container handling, vessel operations, and load administrations. For the last twelve months, this company’s net income was around US$93 million with its revenue of US$6.5 billion. To view this article, you can disable your ad blocker and refresh this page or simply login. © 2020 KenyaPrime by Adewebs Technologies. Well, there are various criteria that you can employ. Sorry, no results has been found matching your query. A company’s share price is changes every time as it is publicly traded. Even vessels are fueled by oil so this would be a no brainer. Today, we’ll be discussing the Largest Shipping Companies in the World 2020. With its primary base of operation in Taiwan, Evergreen Marine Corporation operates in 320 cities across 118 countries. Back then they weren’t called hedge funds, they were called “partnerships”. But these two are not. In order to do this, I asked a very bold question to myself. Anyway, a company’s size, no matter how big, is not directly proportional to a seaman’s salary. The company presently has 59 vessels of various classes, with limit fluctuating from 2,992 twenty-foot equivalent units (TEU) to 21,413 TEU, including two ice-class vessels for excellent climate conditions. Evergreen activities include shipping, construction of containers and ships, management of ports, and engineering and real estate development. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Even with the pandemic, COSCO managed to rake US$1.5 billion in net income after taking US$23.54 billion in revenues. The top 10 shipping companies in the world 2020 are at the top of their game in one of the oldest industries in the world. Their respective market share stands at 16% and 12.1%. All text and design is copyright ©2020 Koala Guide LLC. OOCL is a large incorporated universal container transportation, coordination and terminal organization with workplaces in 70 nations. Orient Overseas Container Line abbreviated as OOCL, is a Hong Kong-based shipping organization. With an enterprise value of USD18.61 billion, the company managed to earn US$15.12 million in revenue and a positive net income of $597M. Tag: Top 15 Largest Shipping Companies In The World 2020- All You Need To Know. Its a good feeling when the company we are sailing with makes positive headlines. Despite the pandemic, this Danish giant gained US$1.06 billion net income for the last 12 months alone. The company is the largest dry bulk carrier and liner carrier in China and one of the most prominent dry bulk shipping operators in the world. It would be an honor to work in the 8th largest shipping company in the world. Companies have ships of varying sizes and numbers. MSC was established in 1970, and the organization has since then extended from a single vessel called Patricia to a 473 in number armada with a limit of 3.1 million TEU (14.5% piece of the overall industry). However, it secured a USD2.2 billion additional liquidity which is enough for them to get through 18 months of zero revenue. HMM, has the largest portion of South Korea's exports, becoming the number one Korean national containers carrier, especially since the termination of Hanjin service. As per Alphaliner Top 100, MSC ranked the 2nd largest and CMA-CGM in the 4th place. 9 Easy Steps in Processing Your COP Using MISMO for FREE! ZIM's procedure as a worldwide specialty bearer offers obvious points of interest to clients around the world. They currently rank as the 7th largest container fleet in the world with 201 fully containerized ships moving 1.2 million TEUs. From time to time, NYK offers maritime scholarships to deserving cadets. Evergreen Marine Corporation, is a Taiwanese shipping company headquartered in Luzhu District, Taoyuan City, Taiwan and dubbed the Seventh Largest Shipping Company in the World, with a capacity of over 1.1 million TEU. It has a capacity of 632,647 TEU and an armada of 97 compartment boats. Click For More "Top 10" Stories RCG’s enterprise value stands at US$29.66 billion dollars with a market cap of US13.14 billion. Last 2019, COSCO Shipping handled shipping volume of 25.739 million TEUs representing an increase of 2.7%.