Maersk dethroned as king of the seas – The Post

Maersk dethroned as king of the seas

Maersk Line has ranked as the largest container shipper since the late 1990’s

April 7th, 2014 10:35 am| by admin
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Swiss container shipper MSC has replaced Maersk Line as the world’s largest container shipping line in terms of fleet size and the number of containers shipped, according to a new report.

The report, published by the container shipping industry market intelligence provider SeaIntel Maritime Analysis, noted that Maersk Line could easily have maintained its position at the zenith of container shipping, but the Danish shipping giant has reduced the number of ships in its fleet by giving its niche companies more autonomy.



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Shifting focus
SeaIntel argued that the decision by Maersk to give up its top spot was a signal that the shipping line was focusing more on financial results and the bottom line rather than its placement in the rankings.

Maersk Line has ranked as the largest container shipper since the late 1990s – a position that was consolidated after it took over the two shipping companies, Sea-Land and P&O Nedlloyd.

Comparing the financial results of Maersk and MSC, which is owned by the Italian Aponte family, is impossible because MSC has never published any financial results or figures.