Market Share of Maritime Freight Transport Industry
The maritime transport market is fairly concentrated, with a few players accounting for significant amounts of shares in the market. Some of the prominent companies in the market are MSC, COSCO, and AP Moller.
Maritime transport is a complex activity area, owing to the inherently international nature of shipping and its multi-stakeholder dimension. The companies in the sector currently are focusing on complying with the International Maritime Organization's lower global sulfur cap on marine fuels from January 2020 as the segment moves towards implementing the plans to reduce its carbon footprint and contribution to pollution.
Maritime Freight Transport Market Leaders
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AP Moller (Maersk)
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China Ocean Shipping (Group) Company (COSCO)
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Mediterranean Shipping Company S.A. (MSC)
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CMA-CGM
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Hapag-Lloyd
*Disclaimer: Major Players sorted in no particular order
