5 Biggest Shipping Companies in the World Ranked by Tonnage

2. Maersk

Total TEU of the company in 2022: 4,185,387

Total number of ships of the company (both owned and chartered): 696

Maersk used to be the largest shipping company in the world by a distance, but has now fallen to second place. Based on its Q4 2022 earnings, Maersk missed its EPS target by $0.05, achieving $1.35. Further, its revenue of $17.8 was lower than expectations by $1.37 billion. Maersk has been in a partnership with BionicHIVE for four months in a bit to create a solution for warehouse automation. Meanwhile, the company is ready to deploy its increased tonnage n its Far East- North Europe routes which will allow the company to reduce vessel speeds, which in turn will cut bunker consumption and improve CII scores too.