11 Largest Container Shipping Companies in the World

Do you know what are the largest container shipping companies in the world? The container shipping business has revolutionized the cargo movements by sharply reducing transportation expenses and decreasing shipping time.

Shipping plays a significant role in the global business. Most countries in the world own fleet merchant ships. Moreover, due to high operating costs, today many of these fleets, in many cases, sail under the flags of countries that provide labor and services under favorable conditions. These flags are known as “suitable,” examples are Panama and Liberia. Ship ownership can be any country. It is known that today’s container ships have enormous capacity. Without the containment, globalization would not be what it is today. The development of industry at the global level has increased demands for increased capacity of means of transport, and the shipping market in maritime container transport has become explicitly dynamic. The response of big business to the growing market demands are mega-boats that today are surprising both in size and capacity. Do you know what the largest container shipping companies in the world are? Nippon Yusen Kabushiki Kaisha (USA) (OTCMKTS: NPNYY) or NYK Line is one of the oldest and largest shipping companies in the world. The company has been in operation since the 1870’s and is a member of the Mitsubishi Zaibatsu. United Arab Shipping Company (UASC) was established in July 1976 in Kuwait and is now headquartered in Dubai. UASC owns and operates a fleet of 55 ships, and its network covers over 200 ports connecting the Middle East to Europe, the Mediterranean, Indian Sub-continent, Far East, West Africa and the Americas. The development of container ships is accompanied by the development of containerization. Although the beginnings of containerization follow up to 1780, or even earlier, the global standardization of containers and container handling equipment is one of the significant logistics innovations of the 20th century. In the development and standardization of containerization, military supplies at the time of the Second World War, Korea and later in the Vietnam played a significant role, when the use of container transport significantly reduced the delivery time of the cargo. The earliest container ships were pre-built tankers after the Second World War. In 1951, the first purpose-built container ship started service in Denmark, while in the same year in the United States, ships began transporting containers between Seattle and Alaska.

Check Insider’s Monkey list of 11 Largest Container Shipping Companies in the World and find out more about this interesting article.

Related posts