Container shipping is one of the most important and necessary means of cargo transportation through sea routes. In present times however, there does not exist any monopoly by any one of the container shipping companies leading to a complete lack of friction and tension in the international cargo shipping community. All the same there are a few international shipping companies that lead the race in terms of the scale of operation of their shipping lines. Insidermonkey experts made a list of 11 largest container shipping companies in the world.
These container shipping companies are a critical link in the global supply chain of manufactured goods. Globalization and containerization had led to a surge in the number of large container shipping companies in the world. However, the container shipping business is facing slow growth since the 2008-09 financial crisis. This has resulted in a wave of consolidation amongst major container lines. Some of the container shipping companies have also formed alliances to improve efficiency and reduce costs. You might also like to see which are the 10 largest oil tanker shipping companies in the world.
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