In this article we are going to list the 5 biggest shipping companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 16 biggest shipping companies in the world.
5. Hapag-Loyd
Total TEU of the company in 2022: 1,795,217
Total number of ships of the company (both owned and chartered): 248
Hapag-Loyd is a German shipping company which specializes in dangerous goods, special cargo projects and reefer cargo, and has over 400 offices in 135 countries. Currently, Hapag-Loyd is collaborating with Shell plc (NYSE:SHEL) where the latter will provide the former with LNG to ultra large dual-fuel container vessels, with these ships to be deployed on Europe-Far East routes calling at most major ports.
4. COSCO Group
Total TEU of the company in 2022: 2,867,613
Total number of ships of the company (both owned and chartered): 464
Formerly owned by the Chinese government, COSCO Group maintains its headquarters in Shanghai and is the largest shipping company in China, and one of the largest shipping companies in the world. The company also has domestic branches in various Chinese cities in addition to 9 overseas branches in various international regions. Globally, the company has over 17,000 employees and is among a group of companies who have agreed to invest in a new $375 million Egyptian terminal.
3. CMA CGM
Total TEU of the company in 2022: 3,386,930
Total number of ships of the company (both owned and chartered): 596
The largest shipping company in France, CMA CGM manages operations in more than 160 countries via 755 agencies, while the company is currently in talks with regional ferry operator Meridionale to buy the latter, while also converting its financial support for Brittany Ferries into a stake.
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.
1. Mediterranean Shipping Company
Total TEU of the company in 2022: 4,772,661
Total number of ships of the company (both owned and chartered): 736
Topping the list of the 16 largest shipping companies in the world is Mediterranean Shipping Company, an Italian company which is held by the Aponte family and operates in most major ports across the world. It has both the largest capacity of any shipping company in the world as well as the most number of ships. Recently, the company took charge of the largest container ship in the world, delivered by China State Shipbuilding Corporation which can handle over 240,000 tons of cargo.
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