In this article, we will be looking at the 5 biggest shipping companies in the world. If you are interested in reading the details, head straight to the 20 Biggest Shipping Companies In The World.
5. Ocean Network Express
2022 Revenue: $30.1 billion
Ocean Network Express (ONE) is a leading global shipping company formed by integrating three major Japanese shipping lines and stands fifth on our list of the biggest shipping companies in the world. ONE provides reliable container shipping services worldwide. Ocean Network Express had a 2022 EBITDA of $16 billion. Ocean’s success is attributed to its modern fleet, advanced technologies, and customer-centric approach. ONE is a trusted partner, offering seamless and cost-effective shipping solutions in today’s dynamic global market.
4. Hapag Lloyd AG
2022 Revenue: $36.4 billion
Hapag-Lloyd is a leading global shipping company with a rich history since 1970. The company’s 2022 report shows significant financial growth, with an EBITDA increase to $20.5 billion, EBIT growth to $18.5 billion, and Group profit improvement to $18 billion in 2022. With a focus on customer satisfaction, innovation, and operational excellence, Hapag-Lloyd remains a trusted and reliable partner in the container transportation industry, contributing to global trade and logistics.
3. Cosco Shipping Holdings
2022 Revenue: $51.8 billion
Cosco Shipping Holdings is a global leader in shipping and logistics, renowned for having the largest fleet worldwide. With 1,114 vessels and an impressive capacity of 85.32 million DWT, it holds the top rank globally. Additionally, its container fleet of 1.58 million TEU and self-owned dry bulk, tanker, and cargo fleets further reinforce its capacity leadership. With its extensive resources, Cosco Shipping Holdings delivers reliable, efficient, and cost-effective shipping solutions catering to diverse business needs, earning a stellar reputation worldwide.
2. CMA CGM Group
2022 Revenue: 74.5 billion
CMA CGM Group is a global leader in shipping and logistics, offering a wide range of transportation services worldwide. The company operates over 500 vessels with a vast network and serves 420 ports. In 2022, CMA CGM reported an impressive EBITDA of $33.31 billion, with a margin of 44.7%. Net income, group share, reached $24.9 billion, reflecting strong profitability. CMA CGM’s commitment to innovation, sustainability, and customer satisfaction solidifies its position as a critical player in the industry.
1. A.P. Moller – Maersk
2022 Revenue: $81.5 billion
A.P Moller-Maersk is a global shipping and logistics company with a history of over a century. In 2022, Maersk showcased extraordinary financial performance, surpassing full-year guidance. The company reported a remarkable 32% increase in revenue, reaching $81.5 billion in 2022. EBIT also experienced significant growth, rising by 57% to $30.9 billion. These impressive figures demonstrate the company’s ability to adapt and thrive in a dynamic market environment. With its extensive fleet, comprehensive services, and commitment to sustainability, Maersk continues to play a pivotal role in facilitating global trade and providing reliable and efficient shipping solutions.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at the 16 jobs that will disappear in the future due to AI and the 16 largest iron ore-producing countries in the world.
