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PIERS NVOCC ANALYSIS 2006 – 2010

Published June 2011

© PIERS 2011

PIERS NVOCC Analysis | 2006 – 2010

INTRODUCTION

NVOCCs, or Non-Vessel Operating Common Carriers, are third-party intermediaries within the international freight transportation sector primarily serving the less-than-container load market. Like freight forwarding companies, NVOCCs are licensed by the US Federal Maritime Commission to act as Ocean Transportation Intermediaries (OTI). Unlike the agent-principal relationship that freight forwarders establish with their customers, NVOCCs act as ocean freight carriers, issuing their own transportation documentation such as bills of lading and are legally responsible for physical loss or damage to cargoes. NVOCCs actually purchase space aboard vessels from carriers that is subsequently resold to shippers.

As U.S. trade with the rest of the world has grown explosively during the past decade, particularly in the liner shipping sector, the NVOCC industry has grown even more rapidly. This growth can be attributed to several factors, but at the core, NVOCCs have grown because they facilitate, or make economically feasible, the international transport of relatively small shipment lots. These shipment lots would be less likely to move across borders in the ocean freight system.

To begin PIERS’ research, this report will focus on an overall portrait of the NVOCC market, its performance over time and its likely direc-tion. Future reports issued by PIERS will address additional critical questions to provide a complete assessment of the overall impact of NVOCC on liner trade and the supply of ocean shipping services. Questions that will be examined include: How do NVOCCs affect international transportation quality across several dimensions includ-ing schedule, damage, inland service, consolidation and documenta-tion? What is their impact on ocean freight rates and, by association, the total volume and compo sition of trade? What is their impact on the service and profitability of ocean shipping carriers? Look for future reports released by PIERS addressing these questions and analyzing how the growth of NVOCC’s in the liner trades has mate-rial implications for the industry.


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THE STANDARD IN TRADE INTELLIGENCE

PIERS provides the most comprehensive portfolio of data intelligence resources for U.S. waterborne trade activity in the world. Our dynamic business intelligence tools and research solutions are powered by a unique infrastructure and proprietary technology that not only differentiates the high quality of PIERS import data, but also distinguishes PIERS as the only provider to deliver complete coverage of U.S. export transactional data.

For 35 years, thousands of subscribers globally have relied on PIERS as the standard in customized trade intelligence. We are a single-source resource for access to multiple import and export databases in a single interface including data from the U.S. Census, U.S. Customs, the United Nations and Dun & Bradstreet as well as shipping manifests and 15 million bills of lading collected annually.

These synthesized data sources ensure that PIERS provides the most comprehensive and accurate waterborne trade data available and a suite of dynamic analytic solutions for lead generation, trend analysis, competitive intelligence, market research and contractual compliance.

Complementing our unrivalled U.S. trade intelligence, PIERS’ international trade data spans the globe and covers every major world economy including Asia and South America, China, India and Brazil.PIERS serves multiple industries involved in importing and exporting, particularly the manufacturing, chemical, financial and transportation industries, as well as several U.S. and foreign government agencies, trade associations and many ocean carriers. PIERS also periodically provides trade data for publications such as The Journal of Commerce, The New York Times, The Wall Street Journal, Bloomberg and CNBC.

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TABLE OF CONTENTS

Introduction....................................................................................................................................i

NVOCC.Growth.2006-2010,.Volume.............................................................................................3

NVOCC.Growth.2006-2010,.Value.................................................................................................4

Regional.Distribution.of.NVOCCs..................................................................................................5

Volume.by.Region..........................................................................................................................6

Top.20.NVOCC.volume.and.market.shares,.2010..........................................................................7

. TRANSPACIFIC

. . North.East.Asia................................................................................................................8

. . South.East.Asia................................................................................................................9

. . Indian.Sub-Continent.....................................................................................................10

. . Northern.Europe............................................................................................................11

. . Mediterranean/Middle.East...........................................................................................12

. . Northern.Mediterranean/Middle.East............................................................................13

. . Africa.............................................................................................................................14

. WESTERN HEMISPHERE

. . Caribbean......................................................................................................................15

. . Central.America.............................................................................................................16

. . East.Coast.South.America..............................................................................................17

. . West.Coast.South.America............................................................................................18

Steamship.Line.(VOCC’s).and.NVOCCs........................................................................................19

Unique.Insights.Into.The.NVOCC.Market....................................................................................21


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FIGURES AND TABLES

FIGURE 1: GROWTH.2006.-.2010.Volume.....................................................................................3

FIGURE 2: GROWTH.2006.-.2010.Value........................................................................................4

TABLE 1:.REGIONAL.DISTRIBUTION.Volume................................................................................5

FIGURE 3: Market.Share.by.Region.2006.vs.2010.........................................................................6

TABLE 2:.Top.20.NVOCC.Volume.and.Market.Shares,.2010..........................................................7

TABLE 3:.NE.Asia.Top.20.NVOCC.Volume.and.Market.Shares,.2010............................................8

TABLE 4:.SE.Asia.Top.20.NVOCC.Volume.and.Market.Shares,.2010.............................................9

TABLE 5:.Indian.Sub-Continent.Top.20.NVOCC.Volume.and.Market.Shares,.2010.....................10

TABLE 6:.Northern.Europe.Top.20.NVOCC.Volume.and.Market.Shares,.2010............................11

TABLE 7:.Mediterranean/Middle.East.Top.20.NVOCC.Volume.and.Market.Shares,.2010...........12

TABLE 8:.Northern.Med/Middle.East.Top.20.NVOCC.Volume.and.Market.Shares,.2010............13

TABLE 9:.Africa.Top.20.NVOCC.Volume.and.Market.Shares,.2010.............................................14

TABLE 10:.Caribbean.Top.20.NVOCC.Volume.and.Market.Shares,.2010....................................15

TABLE 11:.Central.America.Top.20.NVOCC.Volume.and.Market.Shares,.2010...........................16

TABLE 12:.East.Coast.South.America.Top.20.NVOCC.Volume.and.Market.Shares,.2010............17

TABLE 13:.West.Coast.South.America.Top.20.NVOCC.Volume.and.Market.Shares,.2010...........18

TABLE 14:.NVOCCs.by.steamship.line.in.the.aggregate.and.in.the.major.trade.regions...19

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

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Africa

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NVO Share by Region2006 vs 2010

120.0

110.0

100.0

90.0

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60.0

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2006 2007 2008 2009 2010

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Figure 1: Indexed Inbound Trade Growth Total Volume Versus NVO Volume

60.0

65.0

70.0

75.0

80.0

85.0

90.0

95.0

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105.0

2006 2007 2008 2009 2010

NVO Trade Value

Total Trade Value

Figure 2: Total Inbound Trade Value, NVOCC Versus Total

NVO Volume

Total Volume


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GROWTH 2006 - 2010

Volume

During the 2006-2010 period, total U.S. inbound liner shipping volumes declined by 2.8 percent per year on an average. At the same time, however, volumes moving under a NVOCC flag increased by 4.2 percent per year from 2006 to 2010: Total volume handled by NVOCCs grew from 4.85 million TEUs or 28.4 percent of the entire inbound liner shipping market to 5.71 million TEUs or just under 1/3 of the inbound liner shipping market. Figure 1 below displays the divergence in total volume versus NVO volume from 2006-2010.

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120.0

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2006 2007 2008 2009 2010

NVO Trade Value

Total Trade Value


NVO Volume

Total Volume


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Value

NVOCCs outperformed total trade in terms of value as well. In 2006, NVOCCs captured 28.2 percent of inbound liner shipments by value and 33.5 percent in 2010. Annual average growth of trade in terms of value was 0.6 percent from 2006-2010 compared to a 3.7 percent annual decline for total trade. The indexed value statistics are given in Figure 2 below.


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REGIONAL DISTRIBUTION

Volume

Across trade regions, the difference between total trade growth and NVOCC trade growth is most striking for the Northern Mediterranean and the Middle East. During the 2006-2010 period, trade from this region sank on average by 10.9 percent per year while NVOCC shipments rose by 14.3 percent per year, a difference of 25.2 percent. Trade from Central America added 0.5 percent per year but NVOCC shipments increased by 13.0 percent per year. In the Indian Sub-continent region, volume was flat but NVOCCs shipments advanced by 10.0 percent. In the major East-West trades, volumes from Northeast Asia declined on average by 2.3 percent compared to NVOCC shipment growth of 4.6 percent per year and from Southeast Asia, the comparable statistics were -1.3 percent and 5.0 percent. Trade from Northern Europe experienced a 4.9 percent average annual decline compared to NVOCC shipment growth of 4.9 percent. Table 1 summarizes the relevant growth statistics.

Table.1: Five year average annual growth rates in trade and market share by US trade region

AFR CANADA CARIB CENT AMER

E C SO AMER

IND SUB-

CONT

MED/MID EAST

NE ASIA

NMED/ MID EAST

NO EUR

OCEANA SE ASIA

W C SO

AMER

TOTAL

Five Year Growth Total Trade

-5.3% 4.0% -3.9% 0.5% -12.2% 0.0% -6.9% -2.3% -10.9% -4.9% -2.7% -1.3% -2.3% -2.8%

Five Year Growth NVO Shipments

-8.0% 23.5% -6.5% 13.0% -4.1% 10.0% -4.2% 4.6% 14.3% 4.9% -2.9% 5.0% 5.2% 4.2%

Five year NVOCC Market Share Growth

-2.8% 18.8% -2.8% 12.4% 9.3% 10.0% 2.9% 7.1% 28.3% 10.3% -0.2% 6.4% 7.6% 7.2%

5.0%

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Africa

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120.0

110.0

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90.0

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2006 2007 2008 2009 2010

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60.0

65.0

70.0

75.0

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95.0

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2006 2007 2008 2009 2010

NVO Trade Value

Total Trade Value


NVO Volume

Total Volume


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Figure 3 displays market share statistics for NVOCCs by region for 2006 and 2010. The results clearly reflect the wide differentials in growth rates between total trade volume and NVOCC volume. NVOCC share of NE Asian imports top the list with 40.0 percent followed by trade from the Northern Med and Middle East at 34.1 percent and Northern Europe at 27.5 percent of liner cargoes.

Figure.3:


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On an aggregated basis the NVOCC industry appears to be highly competitive. The top four firms controlled just 19.4 percent of all NVOCC volume and the top 20 firms captured just over 50 percent. Table 2 lists the top 20 NVOCCs in aggregate US import trade their volume and market shares for 2010.

Table.2: Top 20 NVOCC volume and market shares, 2010

NVOCC TEUs Share

EXPEDITORS INTERNATIONAL OF WASHINGTON 414,401 7.3%

BLUE ANCHOR LINE 304,605 5.3%

ORIENT EXPRESS CONTAINER CO INC 213,494 3.7%

APEX SHIPPING CO 175,253 3.1%

DANMAR LINES 172,250 3.0%

PHOENIX INTERNATIONAL FREIGHT SERVICE LTD 152,391 2.7%

SCHENKEROCEAN (HONG KONG) 149,527 2.6%

DE WELL CONTAINER SHIPPING CORP 122,008 2.1%

TOPOCEAN CONSOLIDATION SERVICE INC 117,606 2.1%

HONOUR LANE SHIPPING LTD 107,099 1.9%

SEAMASTER LOGISTICS INC 104,542 1.8%

UPS SCS (ASIA) LTD 103,507 1.8%

HECNY SHIPPING LTD 95,282 1.7%

WORLDWIDE OCEAN LINE 84,840 1.5%

PANTAINER EXPRES LINE PANALPINA INC 84,813 1.5%

CHINA CONTAINER LINE USA INC 82,038 1.4%

CHRISTAL LINES 81,376 1.4%

CEVA OCEAN LINE 77,783 1.4%

SUMMIT LOGISTICS INTERNATIONAL 73,240 1.3%

GLOBE EXPRESS 71,393 1.2%

2,924,947 51.2%

Total NVOCC Volume 5,712,395 100.0%


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Concentration of the NVOCC industry varies across regions. The following Tables list NVO volume and market shares by trade region starting with Northeast Asia.

Transpacific

Table.3: NE Asia Top 20 NVOCC volume and market shares, 2010

The top four NVOCCs involved in trade from NE Asia captured just shy of 20 percent of the market. In the SE Asia trade, the top four NVOCCs captured 31.1 percent of the 2010 trade with Apex Shipping and Expeditors International in the dominant positions.

NVOCC TEUs Share






DE WELL CONTAINER SHIPPING CORP 120,966 2.5%








CHINA CONTAINER LINE USA INC 81,800 1.7%

SUMMIT LOGISTICS INTERNATIONAL 69,211 1.4%

CHINA INTERNATIONAL FREIGHT CO LTD 66,644 1.4%



WORLDWIDE OCEAN LINE 58,651 1.2%


2,668,720 55.0%

Grand Total 4,850,352 100.0%


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Table.4: SE Asia Top 20 NVOCC volume and market shares, 2010

NVOCC TEUs Share












VILDEN GLOBAL TRADE SOLUTIONS SDN BHD 8,184 1.9%



TRANSWORLD LINE INTERNATIONAL INC 6,182 1.5%

NYK LOGISTICS (AMERICAS) INC 6,085 1.4%

SUMITRANS CORPORATION 5,570 1.3%

GLOBAL LINK LOGISTICS 5,538 1.3%

UTI UNITED STATES INC 5,504 1.3%


261,909 61.5%

Grand Total 425,762 100.0%


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Table.5: Indian Sub-Continent Top 20 NVOCC volume and market shares, 2010

NVOCCs participating in the trade from Oceania display a more thickly distributed market share pattern. In 2010, the top 20 firms controlled 94.0 percent of the market and the top four firms controlled 49.3 percent. This pattern is in keeping with the observable trend of the larger the market, the less concentrated are NVOCC shares.

NVOCC TEUs Share

EXPEDITORS INTERNATIONAL OF WASHINGTON 22,605.7 13.6%

WORLDWIDE OCEAN LINE 16,766.9 10.1%

SWIFT GLOBAL LINE 8,114.1 4.9%

DAMCO A/S 6,555.8 3.9%

TRANSAMERICA LOGISTIC INC 5,737.6 3.5%

DANMAR LINES 5,553.3 3.3%

PHOENIX INTERNATIONAL FREIGHT SERVICE LTD 5,314.1 3.2%

SAFEWATER LINES (INDIA) PRIVATE LTD 4,499.6 2.7%

SCHENKEROCEAN (HONG KONG) 4,446.1 2.7%

UTI UNITED STATES INC 4,272.6 2.6%

PELORUS OCEAN LINE LTD 4,267.5 2.6%

AIRLIFT (U S A) INC 4,188.1 2.5%

SEAQUEST LINE 3,745.3 2.3%

BLUE ANCHOR LINE 3,286.8 2.0%

BALAJI SHIPPING UK LTD 3,173.2 1.9%

SEAGOLD (PRIVATE) LTD 2,842.5 1.7%

UNITED CARGO MANAGEMENT INC 2,701.6 1.6%

LCL LINES 2,615.1 1.6%

MOTHERLINES INC 2,470.4 1.5%

CALI AMERICA INC 2,347.5 1.4%

Top 20 Total 115,503.7 69.5%

Grand Total 166,079.4 100.0%


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NVOCC market shares for the Transatlantic trades are provided in the next series of Tables.

Transatlantic

Table.6: Northern Europe Top 20 NVOCC volume and market shares, 2010

The market from liner trade from Northern Europe is dominated by Blue Anchor Line and the top four firms controlled 52 percent of the total NVOCC market.

NVOCC TEUs Share

BLUE ANCHOR LINE 106,590 27%

DANMAR LINES 41,526 10%

SCHENKEROCEAN (HONG KONG) 33,105 8%

PANTAINER EXPRES LINE PANALPINA INC 27,213 7%

EXPEDITORS INTERNATIONAL OF WASHINGTON 18,675 5%

DFDS OCEAN TRANSPORT A/S 17,627 4%

FR MEYERS SOHN NA DBA FMS LINES 15,621 4%

OCEAN WORLD LINES 7,366 2%

UPS EUROPE SA 6,248 2%

UTI UNITED STATES INC 6,234 2%

TRANS SERVICE LINE TSL 6,100 2%

TRANSWORLD SHIPPING (USA) INC 6,042 2%

CEVA OCEAN LINE 5,698 1%

JAS OCEAN SERVICES INC 5,494 1%

CHRISTAL LINES 4,579 1%

SEAFRIGO USA INC 4,554 1%

PROCON EXPRESS LINES 3,916 1%

CDC CARIBE INC 3,863 1%

PELORUS OCEAN LINE LTD 3,456 1%

SEAQUEST LINE 3,380 1%

Top 20 Total 327,284 82%

Grand Total 399,727 100%


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As shown by Table 7 below, the combined Mediterranean and Middle East shares are more evenly distributed.

Table.7: Mediterranean/Middle East Top 20 NVOCC volume and market shares, 2010

NVOCC TEUs Share

SAVINO DEL BENE S P A 24,865 10.2%

INTERGLOBO NORTH AMERICA INC 19,975 8.2%




MTS LOGISTICS INC 10,902 4.5%

JAS OCEAN SERVICES INC 8,834 3.6%


DEL CORONA SCARDIGLI 6,871 2.8%

CDC CARIBE INC 6,780 2.8%

GENERAL NOLI SPEDIZIONI INTERNAZIONALI SPA 6,539 2.7%

LEONARDI & C SPA 6,517 2.7%

FR MEYERS SOHN NA DBA FMS LINES 6,346 2.6%

DFDS OCEAN TRANSPORT A/S 6,329 2.6%

ALBATRANS SPA 5,881 2.4%

ATA FREIGHT LINE USA 4,588 1.9%

ALBINI & PITIGLIANI SPA 4,479 1.8%

SAIMA AVANDERO SPA 4,477 1.8%

MARATHON LINE NY INC 3,327 1.4%


Top 20 Total 180,113 73.6%

Grand Total 244,755 100.0%


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Table.8: Northern Mediterranean/Middle East Top 20 NVOCC volume and market shares, 2010

Table 8 shows Blue Anchor Line is the dominant NVOCC in the Northern Mediterranean/Middle East trade as well holding a 41.3 percent share of the total NVOCC market.

NVOCC TEUs Share


TRANS SERVICE LINE TSL 560 21.3%

DANMAR LINES 290 11.0%

EXPEDITORS INTERNATIONAL OF WASHINGTON 154 5.8%

MULTIMODAL 106 4.0%

AMC USA INC 91 3.4%

UPS EUROPE SA 55 2.1%

CEVA OCEAN LINE 53 2.0%

CHRISTAL LINES 47 1.8%

YRC LOGISTICS GLOBAL LLC 35 1.3%

DFDS OCEAN TRANSPORT A/S 34 1.3%

PANTAINER EXPRES LINE PANALPINA INC 27 1.0%

BALGUERIE DBA ALFRED BALGUERIE S A TRANSO 19 0.7%

LOGFRET INC 19 0.7%

TMCL HOLDING NV 17 0.7%

WEISS-ROHLIG USA LLC 11 0.4%

EXPRESS CONSOLIDATION SYSTEMS CORP 7 0.3%

ECU LINE 7 0.3%

XIAMEN SUPERCHAIN LOGISTICS DEVELOPMENT CO LTD

6 0.2%

SCHENKEROCEAN (HONG KONG) 6 0.2%

Top 20 Total 2,633 98.6%

Grand Total 2,672 100.0%


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Table.9: Africa Top 20 NVOCC volume and market shares, 2010

NVOCC TEUs Share









UPS EUROPE SA 118 1.8%

DAMCO A/S 102 1.5%

GLOBE EXPRESS 96 1.4%

SSL LINE LTD 84 1.3%

JAGUAR FREIGHT SERVICES 62 0.9%

PELORUS OCEAN LINE LTD 59 0.9%

DFDS OCEAN TRANSPORT A/S 33 0.5%

UNITED CARGO MANAGEMENT INC 32 0.5%

ALBINI & PITIGLIANI SPA 28 0.4%

DELTRANS INTERNATIONAL SHIPPING CORPORATION

27 0.4%

BALAJI SHIPPING UK LTD 22 0.3%

DANMAR LINES LTD (AGENT) 15 0.2%

Top 20 Total 6,450 97.4%



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Western Hemisphere

From the Caribbean, UPS Ocean Freight Services led Blue Anchor Line by 1.9 percentage points while Ceva Ocean Line was a close third.

Table.10: Caribbean Top 20 NVOCC volume and market shares, 2010

Table 9 shows that Blue Anchor regains the lead in the trade from Central America followed by Danmar Lines. The top four firms in this market controlled 49.9 percent of the NVOCC market in 2010.

NVOCC TEUs Share

UPS OCEAN FREIGHT SERVICES INC 2,560 15.9%



DYNAMIC NETWORK CONTAINER LINE LTD 1,343 8.3%

ORIENTAL AIR TRANSPORT SERVICE INC 1,320 8.2%

INTERGLOBO NORTH AMERICA INC 649 4.0%

GLOBE EXPRESS 596 3.7%

WORLDWIDE OCEAN LINE 398 2.5%

TRANSUNION AMERICA INC 398 2.5%

DORAL FREIGHT LOGISTICS INC 249 1.5%

SOUTH AMERICAN INDEPENDENT LINE 249 1.5%

DFF INC 235 1.5%

TRANSFREIGHT EXPRESS LINES 218 1.3%

UNIVERSAL SHIPPING INC 215 1.3%

BLUE EAGLE CONSOLIDATOR 197 1.2%

US UNITED LOGISTICS (NINGBO) INC 163 1.0%

EXPRESS CONSOLIDATION SYSTEMS CORP 162 1.0%


DE WELL CONTAINER SHIPPING CORP 154 1.0%

SOVEREIGN CONTAINER LINE INC 150 0.9%

Top 20 Total 13,340 82.7%



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Table.11: Central America Top 20 NVOCC volume and market shares, 2010

Table 11 shows that Blue Anchor Line regains the lead in the trade from central America followed by Danmar Lines. The top four firms in this market controlled 49.9 percent of the NVOCC market in 2010.

NVOCC TEUs Share



INTERGLOBO NORTH AMERICA INC 1,675 7.6%


CROWLEY LOGISTICS INC 1,522 6.9%





DFF INC 589 2.7%


DAMCO A/S 341 1.5%

BRILLIANT GLOBE LOGISTICS INC 301 1.4%

LAURITZENCOOL LOGISTICS AB 286 1.3%

ECONOCARIBE CONSOLIDATORS INC 238 1.1%

SSI OCEAN SERVICES INC 200 0.9%

SOUTH AMERICAN INDEPENDENT LINE 197 0.9%


APL LOGISTICS 179 0.8%

PRIME SHIPPING INTERNATIONAL INC 174 0.8%

Top 20 Total 18,856 85.3%



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Table.12: East Coast South America Top 20 NVOCC volume and market shares, 2010

NVOCC TEUs Share



SAVINO DEL BENE DO BRASIL 6,255 9.2%





JAS OCEAN SERVICES INC 2,372 3.5%

CAROTRANS INTERNATIONAL 2,067 3.1%


PELORUS OCEAN LINE LTD 1,818 2.7%

ATLAS LINE 1,813 2.7%

ALL WORLD SHIPPING CORPORATION 1,748 2.6%



DFF INC 1,143 1.7%

UNITED CARGO MANAGEMENT INC 1,029 1.5%

APL LOGISTICS 911 1.3%

CN WORLDWIDE 903 1.3%

HANSA LOGISTICS GLOBAL LTDA 875 1.3%

Top 20 Total 55,996 82.8%



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Table.13: West Coast South America Top 20 NVOCC volume and market shares, 2010

NVOCC TEUs Share



LAURITZENCOOL LOGISTICS AB 1,489 10.2%

DAMCO A/S 1,340 9.2%


CHRISTAL LINES 658 4.5%


EXPEDITORS INTERNATIONAL OF WASHINGTON 581 4.0%


JAS OCEAN SERVICES INC 502 3.5%

UPS OCEAN FREIGHT SERVICES INC 440 3.0%

INTERGLOBO NORTH AMERICA INC 326 2.2%


HELVETIA CONTAINER LINE 274 1.9%

BG LOGISTICS 258 1.8%

ECU LINE 252 1.7%

SAVINO DEL BENE DO BRASIL 162 1.1%

MOL LOGISTICS 151 1.0%

WESSCO INTERNATIONAL 148 1.0%

AMC USA INC 142 1.0%

Top 20 Total 12,297 84.6%



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STEAMSHIP LINE (VOCCs) AND NVOCCs

NVOCC business is to move international freight on space purchased aboard vessels owned and operated by traditional ocean shipping carriers. Thus, steamship lines and NVOCCs can be seen as partners and competitors at the same time. Historically the NVOCCs received a discounted rate from the VOCC if they were unsure of their ability to fill the ship in the contract market or on the spot market. Steam ship lines with large unused capacity or a new carrier was more likely to form business relationships with NVOCCs. Selling space to NVOCCs was a hedge against unanticipated gaps in demand/supply. Over the past decade these relationships have, in many cases, matured into true partnerships. The truest test of the benefits of studying the NVOCCs market is the amount they add to the carrier bottom line. PIERS data can enable analysts to conduct such analysis by facilitating the statistical relation-ships between carrier NVO use and carrier profitability.

Table.14: NVOCCs by steamship line in the aggregate and in the major trade regions.

CARRIER CARRIER TEUs NVOCC TEUs TOTAL NVO SHARE

MAERSK LINE 1,365,278.71 465,821.31 1,831,100.02 25.4%

MEDITERRANEAN SHIPPING COMPANY 775,745.91 722,003.90 1,497,749.81 48.2%

EVERGREEN LINE 860,270.26 479,809.90 1,340,080.16 35.8%

AMERICAN PRESIDENT LINES 1,170,030.99 168,792.10 1,338,823.09 12.6%

HANJIN SHIPPING COMPANY LTD 711,137.52 417,438.54 1,128,576.06 37.0%

HAPAG LLOYD 630,417.60 370,271.33 1,000,688.93 37.0%

HYUNDAI 535,169.32 310,309.91 845,479.23 36.7%

CMA-CGM 544,187.73 299,787.64 843,975.37 35.5%

CHINA SHIPPING CONTAINER LINE 447,884.72 349,298.08 797,182.80 43.8%

CHINA OCEAN SHIPPING 409,216.59 364,953.99 774,170.58 47.1%

ORIENT OVERSEAS CONTAINER LINE 482,860.01 235,027.01 717,887.02 32.7%

N Y K LINE 467,681.53 240,015.23 707,696.76 33.9%

YANG MING LINE 413,401.61 275,524.98 688,926.59 40.0%

K LINE 465,948.00 204,105.81 670,053.81 30.5%

MOL 441,696.85 165,721.53 607,418.38 27.3%

ZIM CONTAINER 281,461.09 123,538.48 404,999.57 30.5%

HAMBURG SUD 182,358.63 38,672.88 221,031.51 17.5%

DOLE OCEAN CARGO EXPRESS 215,139.33 1,236.23 216,375.56 0.6%

CROWLEY LINER SERVICES 147,947.50 3,147.73 151,095.23 2.1%

CHILEAN LINES 91,449.49 56,377.52 147,827.01 38.1%

MATSON NAVIGATION CO INC 60,487.94 64,861.30 125,349.24 51.7%

GREAT WHITE FLEET LTD 122,943.79 133.04 123,076.83 0.1%

SEABOARD MARINE LTD 118,799.23 2,524.88 121,324.11 2.1%

CARRIER CARRIER TEUs NVOCC TEUs TOTAL NVO SHARE

ANL CONTAINER LINE 57,631.57 28,641.90 86,273.47 33.2%

ATLANTIC CONTAINER LINE 62,317.10 20,123.29 82,440.39 24.4%

UNITED ARAB SHIPPING 33,372.84 36,361.15 69,733.99 52.1%

SAFMARINE 34,323.16 32,506.58 66,829.74 48.6%

INDEPENDENT CONTAINER LINE (ICL) 58,488.67 6,834.98 65,323.65 10.5%

PACIFIC INTL LINE (PTE) LTD 7,037.84 51,609.45 58,647.29 88.0%

NETWORK SHIPPING LTD 55,702.87 55,702.87 0.0%

TCC (THE CONTAINERSHIP CO) 7,541.96 46,786.14 54,328.10 86.1%

WAN HAI LINES LTD 25,450.87 25,329.45 50,780.32 49.9%

HORIZON LINES 41,748.03 3,566.71 45,314.74 7.9%

EMPRESA DE NAVEGACAO ALIANCA S A 32,449.15 10,563.35 43,012.50 24.6%

SEA STAR LINE LLC 42,275.24 42,275.24 0.0%

TROPICAL SHIPPING 38,724.68 800.21 39,524.89 2.0%

PO SHIPPING CO LTD (HAINAN) 5,704.83 31,318.20 37,023.03 84.6%

WESTWOOD SHIPPING 27,828.31 7,518.72 35,347.03 21.3%

TRAILER BRIDGE INC 29,326.04 6 29,332.04 0.0%

TURKON LINE 18,369.53 10,467.99 28,837.52 36.3%

COMPANIA CHILENA DE NAVEGACION INTE 26,932.79 1,237.19 28,169.98 4.4%

NORASIA 1,180.94 21,118.09 22,299.03 94.7%

LIBRA NAVEGACAO 13,991.72 3,907.36 17,899.08 21.8%

LINEA PENINSULAR 14,297.30 2 14,299.30 0.0%

COMPANIA LIBRA DE NAVEGACION (URUGUAY) S A

9,002.27 4,666.84 13,669.11 34.1%

AGRICULTURE INVESTMENT EXPORT INC 12,861.72 12,861.72 0.0%

KING OCEAN SERVICES 12,448.82 197.91 12,646.73 1.6%

ECUADORIAN LINE 11,178.90 8.00 11,186.90 0.1%

ISABELLA SHPG CO LTD 9,285.22 78.94 9,364.16 0.8%

NATIONAL SHPG CO OF SAUDI ARABIA 7,682.20 856.78 8,538.98 10.0%

Top 50 Total 11,638,669 5,703,881 17,342,549 32.9%

Grand Total 11,755,013 5,712,395 17,467,408 32.7%


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Table.14: Steamship Line Use of NVOCCs Continued

Among the top five carriers, NVO usage varies from 12.6 percent at American President Lines to 47.2 percent for Mediterranean Shipping. Top-ranked Maersk Line used NVOCCs for just 25.4 percent of its volume imports to the U.S. market.

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UNIQUE INSIGHT INTO THE NVOCC MARKET

While total U.S. inbound shipping is rebounding from the economic recession, NVOCC volume is outpacing general market trends and is a major driver of the overall recovery of indexed trade growth.

PIERS has been documenting and tracking NVOCC participation in this market since 2002 with this report providing analysis of the explosive growth of this market over last five years. PIERS data offers marketing and sales professionals, as well as analysts and other leaders in the industry, with a unique and customized insight into the performance of the NVOCC market. This insight can be used to help determine the underlying factors of its growth.

Enterprising NVOCCs growing their market share and expanding their competitive edge turn to PIERS for trade knowledge resources and dynamic intelligence tools to meet their specialized needs. PIERS has a wide variety of solutions geared towards NVOCCs/freight forwarders, ocean carriers, railroad carriers, ports and others empowering them to gain insights into import/export trade activity to: generate sales leads, identify cargo type and container size, examine Ocean Carrier and NVOCC relationships, analyze cargo flow and volumes, source raw materials, monitor market share and much more.

Leverage The Standard in Trade Intelligence for actionable analysis and powerful intelligence assets that can advance your business. To learn more about how PIERS can help your business visit www.PIERS.com/transportation, email [email protected], or call 800.952.3839 / outside the U.S. call 973.776.8660.

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