5 Most Valuable Shipping Companies in The World

3. COSCO Shipping Holdings Co., Ltd. (HKEX:1919)

Market Capitalization as of February 9: $24.5 billion

COSCO Shipping Holdings Co., Ltd., commonly known as COSCO Shipping, is a Chinese state-owned company formed through the merger of COSCO Group and China Shipping Group. COSCO Shipping is one of the largest shipping companies in the world based on its fleet which comprises of 1,403 vessels with a capacity of 113.84 million DWT, including 441 dry bulk vessels, 227 tankers, and 174 general and specialized cargo vessels, among others.

COSCO Shipping Holdings Co., Ltd. is the third most valuable shipping company across the world based on its market capitalization of $24.5 billion. Its shares are listed on the Honk Kong Stock Exchange as well as the Shanghai Stock Exchange. The company generated a revenue of $47.9 billion, and a net income of $14.7 billion, for the nine months ended September 30, 2022.