MSC Surges Past Competitors in Fleet Rankings
Recent data from Maritime Strategies International reveals significant shifts in global shipping fleet ownership over the past year. Swiss-based Mediterranean Shipping Company (MSC) leads the pack with the most substantial fleet expansion, while Chinese leasing firms have faced declines despite their newbuilding efforts. The latest rankings, based on deadweight tonnage, showcase the evolving landscape of the maritime industry.
Fleet Rankings Highlight MSC’s Dominance
As of August 31, MSC has proudly positioned itself as the second-largest owner of shipping fleets worldwide, overtaking Bank of Communications Leasing. The company has expanded its fleet from 35.5 million deadweight tons (dwt) to an impressive 44.5 million dwt. This notable increase marks MSC as the standout performer in the industry over the past year. In contrast, the Bank of Communications has also seen growth, reaching 41.4 million dwt, but has fallen to third place.
On the other hand, Chinese shipping giant COSCO remains the largest owner by deadweight, with a fleet size of 76.2 million dwt. However, its growth has been more modest compared to MSC. Other competitors in the top five include Japan’s Mitsui OSK Lines and China Merchants, both of which have managed to slightly increase their capacities. The rise of Belgium’s CMB.TECH to the eighth position, largely due to its acquisition of Golden Ocean, is another noteworthy development in the rankings.
Moreover, Taiwan’s Evergreen Line has climbed to 19th place with a fleet of 13.5 million dwt, while Germany’s Hapag-Lloyd has entered the top 25 with 12.6 million dwt, reflecting its expanded boxship operations. South Korea’s Pan Ocean, HMM, and Singapore’s Berge Bulk have also made gains, each adding over one million dwt to their fleets over the past year.
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Declines Among Chinese Leasing Firms and Market Trends
While some companies have seen growth, others have faced significant declines. ICBC Financial Leasing has dropped from seventh to tenth place, with its fleet diminishing from 24.3 million dwt to 19.9 million dwt. Similarly, Minsheng Financial Leasing has experienced setbacks, and Iran’s National Iranian Tanker Company (NITC) has fallen from 19th to 25th place due to the impacts of sanctions and fleet disposals.
Despite the challenges faced by some, China continues to dominate the global maritime sector. Major firms such as COSCO, China Merchants, and ICBC remain prominent in the top 15 ranking. Japan also holds a strong presence with companies like MOL, NYK, and K Line. Greece is represented through notable players, including Angelicoussis and Tsakos, illustrating the competitive nature of the shipping industry across different regions.
As the maritime landscape evolves, these ownership rankings reflect the strategic movements of companies striving to adapt to market demands and challenges. The competition among global shipping firms remains fierce, with expansions and contractions shaping the future of fleet ownership.
