Financial Tribune - The Islamic Republic of Iran Shipping Lines� global ranking based on the capacity of freight handling improved from 23rd in fiscal 2015-16 to 13th last year (March 2018-19), IRIB News quoted IRISL Managing Director Mohammad Saeedi as saying.

According to global shipping monitor Alphaliner, the IRISL Group�s 154,415 TEU capacity places it between Taiwan-based shipping line Wan Hai Lines with 248,890 TEU and South Korea�s KMTC with 153,963 TEU.

IRISL operates 46 vessels and four chartered ones. Its owned and chartered capacities stand at 96,383 TEU and 58,032 TEU, respectively while its global market share comprises 0.7%.

The top three shipping companies in the world, according to Alphaliner, are Danish APM-Maersk with 4,100,519 TEU and global market share of 17.9%, the Swiss Geneva-headquartered Mediterranean Shg Co with 3,370,247 TEU and global market share of 14.7%, and China�s COSCO Group with 2,804,882 TEU and global market share of 12.3%.