15 Biggest Shipping Companies in the World in 2024

Published on June 14, 2024 at 6:30 am by Ali Ahmed in Business, Industries, News

Page 1 of 5

In this article, we will be taking a look at the 15 biggest shipping companies in the world in 2024. Before diving into the list, let’s first take a look at the current state of the shipping industry and highlight some of the recent trends.

Shipping in Stormy Seas

The global shipping industry plays a crucial role in the global economy, facilitating the movement of goods and services across borders. However, the recent surge in geopolitical tensions has significantly impacted the industry, leading to increased costs, delays, and uncertainty. On March 4, Reuters reported that the global ocean shipping industry, which handles 80% of global trade, entered 2024 with unprecedented levels of risk, according to S&P Global Market Intelligence. Chris Williamson, the company’s chief business economist, noted that this marks the highest degree of risk in the 25 years that the company has been creating these forecasts. Houthi missile and drone attacks on merchant ships in the Red Sea and Gulf of Aden have caused significant disruptions to cargo delivery and increased shipping costs. Container ship owners are diverting vessels away from the Red Sea and the nearby Suez Canal trade shortcut that handles approximately 30% of global container cargo. The alternate route around Africa’s Cape of Good Hope adds five days or more to trips and increases fuel costs by up to $1 million. This has led to a surge in spot shipping rates, which have doubled or tripled on some routes and remain elevated.

Climate change is emerging as another significant threat to the shipping industry, posing a major challenge for industry players to adapt and mitigate its impacts. As reported by Reuters on March 18, pressure is mounting for the global shipping industry to pay a fee for its carbon emissions. The European Union, Canada, Japan, and climate-vulnerable Pacific Island states are among 47 countries supporting a proposal to charge a fee for each tonne of greenhouse gas produced by the industry. This move could raise over $80 billion annually to fund low-carbon shipping fuels and support developing countries in their transition. However, opponents like China and Brazil argue that this policy would unfairly penalize trade-reliant emerging economies. A study by Brazil’s University of Sao Paulo found that a carbon tax on shipping could reduce GDP in developing countries by 0.13%, with Africa and South America being the most affected regions. The International Maritime Organization (IMO) is currently discussing this proposal, which could have huge implications for the global shipping industry.

Maersk’s Resilience in the Face of Uncertainty

To overcome the challenges faced by the shipping industry, some of the largest shipping companies in the world are prioritizing innovation and adaptation. A.P. Møller – Mærsk A/S (OTC:AMKBY), one of the biggest shipping companies in the world in 2024, is actively working on minimizing disruptions caused by the Red Sea crisis. Maersk (OTC:AMKBY) operates a fleet of over 700 container vessels and has a total container capacity of more than 4 million Twenty-foot Equivalent Units (TEUs). Its business operations also include 65 terminals in 36 countries. The Danish shipping group is involved in marine transportation, port operations, supply chain management, and warehousing. With operations worldwide, the company has a presence in more than 130 countries.

To combat the Red Sea crisis, Maersk (OTC:AMKBY) has diverted its cargoes through the Cape of Good Hope from the Red Sea, which has resulted in an addition of 4,000 miles to its route and has also increased operational expenses. The group is experiencing a 40% increase in fuel costs and they anticipate this situation to persist in the back half of 2024. To mitigate the delays and congestion at its key ports in Asia Pacific, Maersk (OTC:AMKBY) is turning to air cargo transportation services and exploring a hybrid approach. The group is routing sea freight from ports in Asia Pacific to the Jebel Ali port in the UAE and is later transferring it for air transportation to major airports across the globe via airports in Singapore and Kuala Lumpur. Moreover, Maersk (OTC:AMKBY) has also established new routes from China to Turkey, Georgia and Azerbaijan, which are now operational.

Maersk (OTC:AMKBY) is also building new vessels that run on green fuels. In 2023, the company introduced Laura Maersk, the first of its new green fuel-powered fleet of container vessels. On May 8, the company’s green methanol-powered vessel, Ane Maersk, arrived at the Jebel Ali Port in Dubai. Ane Maersk is the first of 18 large vessels that Maersk plans to add to its fleet in 2024 and 2025. The new vessels feature an innovative design with the bridge and accommodation placed at the front, allowing for increased cargo capacity and reduced fuel consumption per container. This milestone underscores Maersk’s commitment to reducing its greenhouse gas emissions and minimizing its environmental impact by 2040.

Now that we have discussed what’s going on in the global shipping industry, let’s take a look at the 15 biggest shipping companies in the world in 2024.

Oliver Hoffmann/Shutterstock.com

Methodology

In this article, we compiled a list of the 15 biggest shipping companies in the world in 2024. To collect data for our list, we consulted AXSMarine’s Alphaliner database. This database provided us with details on the number of ships owned by each company, their total TEU capacity, and market share as of June 12, 2024. Please note that TEU stands for “Twenty-foot Equivalent Unit,” which is a standard measure of container capacity in the shipping industry. We used the latest data available and narrowed down our selection to rank the top 15 biggest shipping companies in the world in 2024, which are ranked below in ascending order of their total TEU capacity.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

15 Biggest Shipping Companies In The World in 2024

15. Korea Marine Transport Company

Total TEU Capacity of the Company: 157,087

Market Share: 0.5%

Number of Ships Owned by the Company: 65

Korea Marine Transport Company, also known as KMTC, is the leading Korean marine transportation company. Established in 1954, Korea Marine Transport Company continues to steadily build its vessel fleets as one of the biggest shipping companies in the world in 2024. The company operates a fleet of 65 ships, boasting a total capacity of 157,087 TEUs.

14. X-Press Feeders

Total TEU Capacity of the Company: 158,686

Market Share: 0.5%

Number of Ships Owned by the Company: 86

X-Press Feeders is a marine transportation and container shipping company that provides transportation services to container operators. Operating a fleet of 86 ships, X-Press Feeders has a healthy mix of vessels operating on its services. According to recently reported data, the company has a total capacity of 158,686 TEUs. Operating out of Singapore, X-Press Feeders is one of the largest independent common carriers in the world.

13. SITC International Holdings Company Limited (HKG:1308)

Total TEU Capacity of the Company: 165,987

Market Share: 0.6%

Number of Ships Owned by the Company: 105

SITC International Holdings Company Limited (HKG:1308), headquartered in Hong Kong, is one of the biggest shipping companies in the world in 2024. The company offers marine shipping, container liner shipping, ship management, warehousing, freight forwarding, customs clearance, shipping agency, and ship brokerage services. SITC International Holdings Company Limited (HKG:1308) operates a fleet of 105 vessels, with a total capacity of 165,987 TEUs.

12. Pacific International Lines (PIL)

Total TEU Capacity of the Company: 328,524

Market Share: 1.1%

Number of Ships Owned by the Company: 91

Pacific International Lines (PIL) is a Singaporean shipping company that ranks 12th on our list of the biggest shipping companies in the world. The company offers container shipping, container manufacturing, and logistics services. Pacific International Lines (PIL) serves customers at over 500 locations in more than 90 countries around the world. It operates a fleet of 91 ships, with a total capacity of 328,524 TEUs.

11. Wan Hai Lines Ltd. (TPE:2615)

Total TEU Capacity of the Company: 488,809

Market Share: 1.6%

Number of Ships Owned by the Company: 118

Wan Hai Lines Ltd. (TPE:2615) is a Taiwanese shipping company. While the company has expanded its shipping network to services to Canada, the US, South America, Africa, and the Middle East, it remains a leading provider of intra-Asia shipping services. Wan Hai Lines Ltd. (TPE:2615) operates a fleet of 91 ships, with a total capacity of 488,809 TEUs.

10. Yang Ming Marine Transport Corporation (TPE:2609)

Total TEU Capacity of the Company: 695,304

Market Share: 2.3%

Number of Ships Owned by the Company: 93

Yang Ming Marine Transport Corporation (TPE:2609) is a Taiwanese container shipping and marine transportation company. It ranks among the top 10 on our list of the biggest shipping companies in the world in 2024. Yang Ming Marine Transport Corporation (TPE:2609) operates a comprehensive network of services across Asia, Europe, the Americas, Australia, and Africa. As one of the top shipping companies in the world, it operates a fleet of 93 vessels, boasting a total TEU capacity of 695,304 units.

9. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Total TEU Capacity of the Company: 715,408

Market Share: 2.4%

Number of Ships Owned by the Company: 128

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) is an Israeli international cargo shipping company. As one of the largest shipping companies in the world, the company has established operations in more than 90 countries and serves customers in over 200 ports around the world. ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) operates a fleet of 128 ships, with a total capacity of 715,408 TEUs.

8. HMM Co. Ltd (KRX:011200)

Total TEU Capacity of the Company: 862,817

Market Share: 2.9%

Number of Ships Owned by the Company: 79

HMM Co. Ltd (KRX:011200), previously Hyundai Merchant Marine, is a South Korean integrated logistics and marine transportation company. As one of the largest shipping companies in the world, it provides customized services for different cargo including container cargo and bulk cargo for raw materials, oil, and plants. HMM Co. Ltd (KRX:011200) has a fleet of 79 ships, with a total capacity of 862,817 TEUs.

7. Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603)

Total TEU Capacity of the Company: 1,683,327

Market Share: 5.7%

Number of Ships Owned by the Company: 220

Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) is a Taiwanese container transportation and shipping company. The company’s main business and services include domestic and international sea freight, shipping agency, and operation of container terminals. Evergreen Marine Corporation (Taiwan) Ltd. (TPE:2603) operates a fleet of 220 ships, boasting a total TEU capacity of 1,683,327 units.

6. Ocean Network Express Holdings Ltd.

Total TEU Capacity of the Company: 1,884,389

Market Share: 6.3%

Number of Ships Owned by the Company: 239

Ocean Network Express Holdings Ltd., also known as ONE, is a container transportation and shipping company. The company was established in 2017 by the integration of three Japanese shipping companies. Ocean Network Express Holdings Ltd. has a fleet of 239 vessels, with a total capacity of 1,884,389 TEUs, covering a comprehensive service network across 120 countries around the world. It ranks 6th on our list of the biggest shipping companies in the world in 2024.

5. Hapag-Lloyd AG (ETR:HLAG)

Total TEU Capacity of the Company: 2,144,633

Market Share: 7.2%

Number of Ships Owned by the Company: 283

Hapag-Lloyd AG (ETR:HLAG) is a German international shipping and container transportation company that ranks among the top 5 biggest shipping companies in the world in 2024. The company operates a fleet of 282 ships, boasting a total TEU capacity of 2,144,633 units. As one of the top shipping companies, Hapag-Lloyd AG (ETR:HLAG) has offices in 140 countries around the world.

Page 1 of 5

Next >>

CMA-CGM TPE:2603 TPE:2615 ETR:HLAG NYSE:ZIM Show more...

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on June 23, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Here’s why this is a deal you can’t afford to pass up:

Access to our Detailed Report on our AI, Tariffs, and Nuclear Energy Stock with 100+% potential upside within 12 to 24 months
BONUS REPORT on our #1 AI-Robotics Stock with 10000% upside potential: Our in-depth report dives deep into our #1 AI/robotics stock’s groundbreaking technology and massive growth potential.
One New Issue of Our Premium Readership Newsletter: You will also receive one new issue per month and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.
One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149
Bonus Content: Premium access to members-only fund manager video interviews
Ad-Free Browsing: Enjoy a month of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Price Guarantee: Your renewal rate will always remain the same as long as your subscription is active.
30-Day Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

Insider Monkey Ads

A New Dawn is Coming to U.S. Stocks

Published on June 13, 2025 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…