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Which liner companies have entered the global top 100 list(China shipping)

Feb 22 2018

12 Chinese liner companies enter the top 100 list

COSCO SHIPPING (rank: 4), Zhonggu Shipping (18), Antong Holdings (19), Haifeng Shipping (20), Sinotrans Shipping (25), Ningbo Ocean Shipping (38), Dalian Xinfeng Shipping (51), Shanghai Jinjiang (61), Shanghai Haihua (65), Taicang Port Container Shipping (79), Guangxi Hongxiang (84), Tianjin Datong (85).(China shipping)

With the merger and reorganization and bankruptcy of the container shipping industry, many liner companies that were still on the list in early 2017, such as Hanjin Shipping, Arab Steamship, Hamburg South America, etc., have now disappeared. Among them, on February 17, 2017, the South Korean Central Court of Seoul announced the formal bankruptcy of Hanjin Shipping; on May 24, Hapag-Lloyd and Arabian Shipping officially completed their merger; on November 30, Maersk Line officially completed the acquisition of Hamburg South America. This also makes China's Zhonggu Shipping, Antong Holdings, and Haifeng Container Lines significantly improve their rankings, all ranking among the top 20, ranking 18th, 19th, and 20th respectively.

According to Alphaliner, the merger and acquisition of large liner companies in 2017 has further enhanced market concentration. The top ten liner companies account for 77% of the global container shipping market capacity. Ocean Shipping Express (ONE), a new company established by the three major shipping companies of Japan Post Shipping, Merchant Shipping Mitsui, and Kawasaki Steamship to integrate their container shipping operations, will officially operate on April 1, 2018. COSCO SHIPPING's tender offer for OOCL has also passed the U.S. antitrust review and European Commission approval. After the official completion, the market concentration has further increased.

Alphaliner said that changes in the global container shipping market have promoted the effective growth of container shipping industry demand and throughput in 2017, boosting the entire shipping industry. However, despite the increasing consolidation of the container shipping industry, concerns about excess capacity throughout the industry remain.

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