APPENDIX - Global Listed equities investment universe for the transport segment and transport alliances

Roy Chen
Roy Chen 19 May, 2021

Table 1 Sector Universe

By segments

Segment US $ Billion Notes
Rail 666 both freight and passenger but dominated by former
Freight/Logistics 620 includes both air freight (the largest) and road freight
Airlines 382
Shipping 382
Airports 322
Ports 88
Tollways 76
Total 2320

By region

Region US $ Billion
North America 1026
Asia 759
Western Europe 472
All other regions 63
Total 2320

Table 2 Top Container Shipping Companies

Company Based in # ships
1 P. Moller–Maersk – 4.1m TEU Denmark 7111
2 Mediterranean Shipping Company (MSC)*– 3.8m TEU Switzerland 711
3 CCOSCO Shipping Lines – 3.1m TEU China 461
4 CMA CGM Group* – 2.7m TEU France 505
5 Hapag-Lloyd – 1.7m TEU Germany 231
6 ONE (Ocean Network Express) – 1.5m TEU Japan # 217
7 Evergreen Line – 1.2m TEU Taiwan 203
8 Orient Overseas Container Line – 733,580 TEU Hong Kong 104
9 H(Hyundai)MM – 728,416 TEU Korea 72
10 Yang Ming – 616,000 TEU Taiwan 72

NB*both MSC and CMA are not listed
# ONE is the pulling together of the container business of 3 Japanese companies -Mitsui OSK (MOL), Nippon Yusen (NYK) and Kawasaki Kusen (K-Line)

Table 3 the 3 Container Shipping Alliances

Alliance Overview
1 2M Alliance: Maersk and MSC Maersk Line and MSC announced a 10-year vessel sharing agreement starting in 2014. The deal includes 185 vessels with a total capacity of 2.1 million TEUs. Maersk contributes with 110 vessels/ 1.2m TEU capacity. MSC adds 75 vessels/ 900k TEU to the alliance. It is now the biggest one in shipping since Hamburg Süd (part of Maersk) entered.
2 Ocean Alliance: COSCO, OOCL, CMA CGM, and Evergreen Launched in 2017 with an initial period of five years COSCO Shipping, OOCL, CMA CGM, and Evergreen just confirmed the extension of the duration by another ten years until 2027.
3 THE Alliance: Hapag-Lloyd, ONE, & Yang Ming It was launched in 2017 by Hapag-Lloyd, ONE, and Yang Ming. In April 2020, HMM from South Korea joined THE Alliance.

Who is ONE? An alliance within an alliance -Ocean Network Express or ONE was established on July 7, 2017, by the integration of container operations of the 3 Japanese shipping companies - 'K' Line 36% (Kawasaki), MOL (Mitsui OSK) 36% and NYK (Nippon Yusen Kaisha ) the largest with 38%

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Written by

Roy Chen

Chief Investment Officer for the RC Global Infra-Energy Fund


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      Hanna Wolfe 1 day ago

      Love it Dave! We're all about keeping it up.

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    Christina Kray 2 days ago

    Since our attention spans seem to be shrinking by the day — keeping it simple is more important than ever.


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