The World’s Largest Container Shipping Companies

Did you know that 80% of the global goods trade is transported over sea? Given the scale of human consumption, this requires an enormous number of shipping containers, as well as ships to carry them.

At an industry level, container shipping is dominated by several very large firms. This includes Maersk, COSCO Shipping, and Evergreen. If you live along the coast, you’ve probably seen ships or containers with these names painted on them. Generally speaking, however, consumers know very little about these businesses. This graphic aims to change that by ranking the 10 largest container shipping companies in the world.

Ranking the Top 10

Companies are ranked by two metrics. First is the number of ships they own, and second is their total shipping capacity measured in twenty-foot equivalent units (TEUs). A TEU is based on the volume of a twenty-foot long shipping container.

In this dataset, Maersk and MSC are tied for first place in terms of TEU capacity. This is no longer the case, as news outlets have recently reported that MSC has overtaken the former. 

Trailing behind the two industry leaders is a mixture of European and Asian firms. Many of these companies have grown through mergers and acquisitions.

Interesting Facts

Maersk

At the time of writing, Maersk is Denmark’s third largest company by market capitalization. The firm was founded in 1904, making it 119 years old. 

MSC

The Mediterranean Shipping Company (MSC) has grown very quickly in recent years, catching up to (and surpassing) long-time leader Maersk in terms of TEU capacity. The Swiss firm has increased its fleet size through new orders, acquisition of second-hand vessels, and charter deals. 

COSCO Shipping

COSCO Shipping is China’s state-owned shipping company. American officials have raised concerns about the firm’s expanding global influence. For context, Chinese state-owned enterprises have ownership stakes in terminals at five U.S. ports. This includes Terminal 30 at the Port of Seattle, in which two COSCO subsidiaries hold a 33.33% stake.

Evergreen

Evergreen is likely a familiar name, but not for the right reasons. In 2021, one of the company’s ships, Ever Given, became stuck in the Suez Canal, putting one of the world’s most important shipping routes out of commission for nearly a week.

See an expanded version of this article on visualcapitalist.com