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China’s Top 10 International Shipping Companies

As the pace of globalization accelerates, the importance of the international shipping industry has become increasingly prominent. As one of the world’s largest trading countries, China’s shipping companies have also demonstrated strong competitiveness and influence on a global scale. This article will introduce you to the top 10 international shipping companies in China. These companies occupy an important position in the global shipping market and provide efficient and reliable shipping services to domestic and foreign customers.

Sea freight from China

China Ocean Shipping Group Corporation

China Ocean Shipping Group Co., Ltd. (hereinafter referred to as China Ocean Shipping Group or Group) was formed by the reorganization of China Ocean Shipping (Group) Corporation and China Shipping (Group) Corporation. It is headquartered in Shanghai and is a large state-owned enterprise directly managed by the central government. enterprise. It is a state-owned enterprise founded on November 11, 1997. Its headquarters is located on the 23rd floor, No. 378 Dongdaming Road, Hongkou District, Shanghai. Currently, the company is open for business and has approximately 17,000 employees worldwide, including 5,339 overseas employees.

As of June 30, 2022, China Ocean Shipping Group’s operating fleet had a comprehensive shipping capacity of 113.47 million deadweight tons/1,413 ships, ranking first in the world. Among them, the container fleet size is 3.03 million TEU/510 vessels, ranking among the top in the world; the dry bulk cargo fleet has a transport capacity of 44.75 million deadweight tons/442 vessels, the oil and gas fleet has a transport capacity of 29.29 million deadweight tons/227 vessels, and the general cargo special fleet has a transport capacity of 556 There are 167 ships per 10,000 deadweight tons, ranking first in the world.

China Ocean Shipping Group’s comprehensive global services have built up network service advantages and brand advantages. Upstream and downstream industrial chains such as shipping, terminals, logistics, shipping finance, and ship repair and building have formed a relatively complete industrial structure system. The group has invested in 57 terminals and 50 container terminals around the world. The annual throughput of container terminals is 132 million TEU, ranking first in the world. Global marine fuel sales exceeded 28.3 million tons, ranking first in the world. The container leasing business has a holding volume of 3.91 million TEU, ranking third in the world. The scale of offshore engineering equipment manufacturing orders and ship agency business also rank among the top in the world.

COSCO Shipping Container Shipping Co., Ltd.

COSCO Shipping Container Lines Co., Ltd. (referred to as “COSCO Shipping Lines” or the “Company”) is affiliated to China Ocean Shipping Group Co., Ltd. (referred to as “COSCO Shipping Group”) and is a company listed in Shanghai and Hong Kong, COSCO Shipping Holdings Co., Ltd. (referred to as “COSCO Shipping Lines”) A wholly-owned subsidiary of “COSCO Shipping Holdings” (stock code: 601919.SH/01919.HK).

COSCO Shipping Lines is headquartered in Shanghai and has 28 departments. There are 9 port branches in mainland China, including Dalian, Tianjin, Qingdao, Shanghai, Ningbo, Xiamen, South China, Hainan, and Wuhan; and 9 overseas branches in Europe, North America, Southeast Asia, West Asia, South America, Australia, Japan, South Korea, and Africa. Division. As of the end of February 2024, COSCO Shipping Lines has a total of 242 domestic and foreign legal entities. There are more than 400 domestic and overseas marketing service outlets and 17,000 employees worldwide, including 5,306 overseas.

As of the end of February 2024, COSCO SHIPPING Lines operates 388 container ships with a capacity of 2,130,219 TEU (COSCO SHIPPING Lines and COSCO SHIPPING Holdings subsidiary OOIL, a “dual-brand” fleet, operate 509 container ships. The shipping capacity is 3,097,521 TEU, and the total fleet size leads the industry). The company operates a total of 404 routes, including 265 international routes (including international branch routes), 56 China coastal routes, and 83 Pearl River Delta and Yangtze River branch routes. The company’s self-operated fleet calls at 606 ports in approximately 144 countries and regions around the world.

China Evergreen Shipping

Evergreen Marine Corp.’s (EMC) service network covers more than 80 countries around the world, with more than 240 service locations. The long-distance and near-ocean all-container regular routes it operates cover the five major regions of the world: Asia-North America routes/Asia- Caribbean region; Asia-Europe route/Asia-Mediterranean; Europe-US East Coast Atlantic; Asia-Australia/Asia-Muricia, South Africa, South America; Asia regional route/Asia-Middle East, Red Sea/Asia-Indian subcontinent region . In addition to the main routes, it has also opened up a regional shuttle service network, such as the Caribbean and the Indian subcontinent, to shorten delivery time and help cargo owners seize business opportunities.

China Merchants Energy Transportation Co., Ltd.

The Steamship Merchants Company was founded in 1872, laying the foundation for China’s modern national shipping industry. China Merchants Shipping Business Segment, which belongs to the transportation segment of China Merchants Group’s three core segments of transportation, finance and real estate, has always been committed to ensuring the safety of national energy transportation and promoting the development of China’s shipping industry. As of the end of June 2022, China Merchants Energy Shipping has a total shipping capacity of 314 ships (including orders) with a total of 44.2 million deadweight tons, ranking second among non-financial shipowners in the world.

In 2023, China Merchants Group’s operating efficiency will be stable and improving, and it will take new steps in high-quality development. The operating income for the whole year was 923.8 billion yuan, which was basically stable. The total profit was 226.8 billion yuan, a year-on-year increase of 3.4%. The net profit was 191 billion yuan, a year-on-year increase of 6.3%. The total assets were approximately 13.6 trillion yuan, a year-on-year increase of 8.9%. Since entering the new era, the group has achieved leapfrog development, with total assets increasing approximately 35 times, and the compound growth rates of operating income, total profit, and net profit reaching as high as 27%, 22%, and 22% respectively.

Adhering to the century-old foundation of China Merchants Shipping, China Merchants Energy Shipping Co., Ltd. (referred to as “China Merchants Shipping”) was established in 2004, listed on the A-share market in 2006 (stock code: 601872), and was cast in 1872, the founding year of China Merchants Shipping. Its stock code symbolizes a new starting point for inheriting a century-old shipping industry. China Merchants Shipping is a shipping company specializing in maritime transportation under China Merchants Group. The company operates and manages the oldest and most experienced ocean tanker fleet in China. It is the leading supertanker fleet operator in Greater China and a major participant in domestic imported liquefied natural gas transportation projects. It owns world-class supertankers. (Very Large Crude Carrier, VLCC) and Very Large Ore Carrier (VLOC) fleets, the leading domestic Liquefied Natural Gas (LNG) and Ro-Ro fleet. After years of development, China Merchants Shipping has formed a “2+N” business pattern of “oil, bulk + gas, truck, collection, pipeline and network”. Its main business covers oil transportation, dry bulk transportation, gas transportation, Ro-ro transportation and container transportation have unique advantages in crew management and overseas network services.

With the vision of being an outstanding global shipping practitioner and the cultural concept of “traveling with trust in all seas and navigating across five continents”, China Merchants Shipping promises to its customers and the market: for every trustworthy voyage! By strictly implementing safety management, actively building a distinctive fleet, giving full play to the functions of the capital market, and innovatively researching and practicing smart shipping, China Merchants Shipping is committed to using investment wisdom to shape shipping trust and make unremitting efforts to build a world-class shipping company with core competitiveness.

Orient Overseas Container Shipping Company, Hong Kong, China

“Orient Overseas” and “OOCL” are respectively: the trade names used by Orient Overseas Container Line Limited (“OOCLL”) and OOCL (Europe) Limited in providing shipping services; both are Oriental’s listed companies on the Hong Kong Stock Exchange. A wholly-owned subsidiary of Overseas (International) Co., Ltd. (0316). OOCL is one of the world’s largest integrated international container shipping and logistics companies and one of Hong Kong’s most familiar global brands. It provides customers with comprehensive logistics and transportation services, with a service network covering Asia, Europe, America, Africa and Australia.

As a world-class logistics service provider, OOCL Logistics, with 140 branches in 50 countries and regions around the world, provides customers with everything from basic cargo consolidation operations to comprehensive integrated supply chain management services, including safe and efficient transportation. , warehousing, and distribution services to support advanced third-party, fourth-party logistics services and full-channel cargo distribution solutions.

Taiwan Yang Ming Shipping Group

Yang Ming Marine Co., Ltd. (YML) was established on December 28, 1972. As of the end of December 2006, Yang Ming Marine Co., Ltd. (YML) had 94 operating ships, with a carrying capacity of up to 4 million deadweight tons, and annual operating containers of more than 2.4 million TEUS. The fleet includes container ships, bulk ships, and agency ships. Taipower coal tanker. Yang Ming Marine Co., Ltd. (YML) is one of the youngest companies in the world with an average ship age.

Yang Ming Marine Co., Ltd. (YML) won the National Excellent Quality Case Award in August 1996, and successively passed ISM CODE international ship safety management certification, ISPS CODE international ship and port facility security charter certification, ISO 9001 international quality certification, ISO14001 international Environmental certification, and through joint ventures with Japan’s K-Line, China’s COSCO, and other well-known shipping companies, we have expanded our comprehensive service scope, continued to strive to strengthen customer service, and actively improved operational performance.

As of April 2024, Yang Ming operates a fleet of 94 ships, with a total tonnage of 7.959 million tons/capacity of 707,000 TEUs, of which container ships are the main service force.

China Shipping Container Lines

China Shipping Container Lines Co., Ltd. (CSCL) is the world’s fastest-growing major container shipping company based in China. Mainly engaged in the operation and management of international and domestic container shipping. China Shipping Container Lines Co., Ltd. is a diversified enterprise affiliated to China Shipping Group mainly engaged in container transportation and related businesses. The business scope involves container transportation, ship leasing, cargo booking, transportation customs declaration, warehousing, container yards, container manufacturing, repair, sales, trading and other fields.

Wanhai Shipping Co., Ltd.

Wan Hai Shipping (WHL) Co., Ltd. was founded on February 24, 1965, the 54th year of the Republic of China. In the early days, its main business scope was engaged in log transportation between Taiwan, Japan, and Southeast Asia. Later, in view of the trend of international shipping gradually moving into containerized services, a full container ship was purchased in July of the 1976th year of the Republic of China and began container transportation services from Taiwan to Japan. This set a milestone for the company’s container services. In the following years, WHL Shipping Co., Ltd. gradually expanded its fleet, ship equipment, and actively opened up new routes, becoming the shipping company with the most intensive voyages and the most complete service network in the Far East.

Ningbo Shipping

Ningbo Shipping Group Co., Ltd. was established in December 2002 with a registered capital of 120 million yuan. The company is a modern enterprise group mainly engaged in shipping, supplemented by shipping services and industrial investment. It is mainly engaged in international near- and ocean-going bulk cargo transportation, cargo transportation between ports along the domestic coast and the middle and lower reaches of the Yangtze River, maritime cargo transshipment, and international Freight forwarding, international shipping agency and other shipping-related businesses, as well as highway construction and operation, real estate development and other industrial investments. The company is renowned as one of the top 100 service enterprises in Zhejiang Province, one of the top 100 transportation enterprises in China, and one of the top 500 enterprises in the service industry in China. Its total transportation capacity ranks among the top among coastal enterprises in my country.

SITC International Holdings Co., Ltd.

SITC International Holdings Co., Ltd. is a leading shipping and logistics company in Asia. Its business fields include container liner shipping, ship management, ship brokerage, international freight forwarding, LCL, project logistics, logistics distribution, customs declaration, warehousing, and container yards. , terminals, shipping agencies, bulk cargo, air transport and other fields. Currently, SITC International has two major business segments: shipping group and logistics group.

Learn more: China’s 10 Most Important Shipping Ports In 2024

To sum up, China’s top 10 international shipping companies have an important position and influence in the global shipping market. With their powerful fleets, advanced transportation equipment and professional operation teams, these companies provide efficient and reliable shipping services to domestic and foreign customers and promote the prosperity and development of global trade.

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