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Eight of the world’s 12 largest shipping companies have expanded their fleets this year, and these four have changed the most

This year, eight of the world's top 12 container shipping companies have expanded their fleets. Among them, two shipping companies have the fastest growth in fleet capacity, while the situation of Maersk, the world's largest shipping company, is different.

According to shipping consultancy Alphaliner, the liner companies HMM and CMA CGM both set the largest growth in terms of teu in 2020.

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Alphaliner: Shipping company capacity ranking
With the substantial expansion of the fleet size, South Korean liner company HMM has the fastest increase in capacity in 2020. Its fleet has increased by 85% this year, jumping from 10th to 8th in the global ranking.

The fleet of CMA CGM, the world's fourth largest container shipping company, has expanded by 11.8%. However, Alphaliner predicts that CMA CGM may surpass COSCO early next year, because the current capacity difference between the two companies is only 21573 teu.

Alphaliner said: "By the first half of 2021, CMA CGM will receive another 5 newbuildings with a capacity of 23,112 TEU. It is clear that this French shipping company may once again surpass COSCO."

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60% of the world’s top 12 shipping companies have increased their capacity. The situation of Maersk, the largest liner company, is different. Maersk’s fleet has dropped by 2% this year to 4.11 million TEU. Most of its capacity reductions are It happened in the first half of the year.

The gap between the second-ranked MSC and Maersk has narrowed. On the other hand, MSC has increased its fleet by 2.4% this year, and the gap between the two shipping companies is now 251,000 teu.

Finally, PIL is struggling the most on the list. The company's fleet has shrunk by 28.9% in 2020. At the beginning of 2020, the liner company ranked 9th and now ranks 12th.

This development is in sharp contrast with the first half of the year, in which only HMM increased its fleet capacity.