#maersk-headlines-top-25-container-carriers-2010

Maersk headlines the Top 25 Container Carriers of 2010

Am I alone in not really knowing how to pronounce Maersk, the Danish-based company that was recently found to be the No. 1 container carrier in the worl...

Freddie Pierce
|Dec 21|magazine19 min read
Am I alone in not really knowing how to pronounce Maersk, the Danish-based company that was recently found to be the No. 1 container carrier in the world?

Is it May-ERSK? MUR-sk? MAYER-sk?

It’s just that in the English language (or should I say American) when you see “a” and “e” back-to-back like that it usually makes an “uh” sound. (Like antennae and larvae) Now I’m no linguist so I’m sure there are other ae-sound variations that I don’t know about, but those are the two words I think of when my brain processes how to say Maersk.

So I guess its mUH-rsk then? Maybe it’s just MURSK? You know, just something real quick like that. Whatever, this is making my stupid American brain hurt.

Though the Danish-based container carriers may throw me off with spellings and annunciations, there is nothing confusing about the business that Maersk does in the global shipping industry. With a TEU value at 2,142,582 and 14.5 percent market share, Maersk is the No. 1 container carrier in the world for the second consecutive year. See the Top 25 below.

But first, a couple of other notes about the Top 25 Container Carriers before we get started:

—The market share for the Top 3 carriers, Maersk, Mediterranean Shipping Co., and CMA CGM, all dropped about one percent from 2009, but the carriers were still able to maintain their respective positions in the Top 25.

—Evergreen Line and Hapag-Lloyd were the only container companies in the Top 5 that saw their market share increase from 2009 to 2010.

—The Chilean-based CSAV Group, which is the largest shipping company in Latin America, raised nine places from No. 16 to No. 7 in the latest results. CSAV nearly doubled the volume of its cargo ships in 2010, having increased from 291,423 to 582,279.


—If you want answers about why Maersk is the No. 1 every year, then just watch the construction of the largest container ship in the world in this remarkable Maersk Youtube video. Big Dog Ship

The Top 25, at last:

Company                        TEU                             Market Share                 2009 (ranking-market share)
1. Maersk                    2,142,582                             14.5                              (1-15.3)

2. Mediterranean       1,861,036                             12.6                              (2-11.5)

3. CMA CGM Group   1,208,076                              8.2                               (3-7.3)

4. Evergreen Line         605,498                               4.1                                (4-4.7)

5. Hapag-Lloyd             603,345                               4.1                                (6-3.7)

6. APL                             586,921                               4.0                                (7-3.7)

7. CSAV Group              582,279                               3.9                               (16-2.2)

8. COSCO Container   544,197                               3.7                                (5-3.7)

9. Hanjin Shipping       474,409                               3.2                                (10-2.9)

10. CSCL                       451,782                               3.1                                (8-3.4)

11. MOL                          403,057                              2.7

12. NYK Line                 388,278                               2.6

13. Hamburg Sud        374,864                               2.5

14. OOCL                      353,577                               2.4

15. K Line                      328,327                               2.2

16. Yang Ming Marine  322,091                              2.2

17. Zim                           318,485                              2.2

18. Hyundai M.M.          287,481                              1.9

19. PIL                            260,134                              1.8

20. UASC                       216,799                              1.5

21. Wan Hai Lines       181,934                              1.2

22. TS Lines                    84,457                              0.6

23. HDS Lines                 74,174                             0.5

24. MISC Berhad             68,117                             0.5

25. CCNI                           56,529                             0.4

Want another Top 25? Check out the Top 25 Supply Chains in the World. You’ll never guess who No. 1 on that list is.