Globalization
Ranked: The World’s Largest Container Shipping Companies
Visualizing 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.
The data used in this infographic comes from Alcott Global, a logistics consultancy. Fleet sizes are as of June 2021, while TEU capacity is from January 2022.
Rank | Company | Country | TEU | # of Ships |
---|---|---|---|---|
1 | Maersk | 🇩🇰 Denmark | 4.3M | 718 |
1 | MSC | 🇨🇭 Switz. | 4.3M | 606 |
3 | CMA CGM | 🇫🇷 France | 3.2M | 542 |
4 | COSCO Shipping | 🇨🇳 China | 2.9M | 497 |
5 | Hapag-Lloyd | 🇩🇪 Germany | 1.7M | 259 |
6 | Ocean Network Express | 🇯🇵 Japan | 1.5M | 218 |
7 | Evergreen Marine | 🇹🇼 Taiwan | 1.5M | 201 |
8 | HMM | 🇰🇷 S. Korea | 0.8M | 79 |
9 | Yang Ming | 🇹🇼 Taiwan | 0.7M | 87 |
10 | Wan Hai Lines | 🇹🇼 Taiwan | 0.4M | 146 |
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 118 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.
Moving forward, any further Chinese interest in U.S. terminals will face an even more stringent regulatory environment.
– Kardon (2021)
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.
Bulking Up
To achieve better economies of scale, container ships are growing bigger and bigger. The following chart illustrates this trend from 1970 to 2017.
Average capacity is being pulled upwards by the arrival of mega-ships, which are ships that have a capacity of over 18,000 TEUs. Their massive size creates problems for ports that weren’t designed to handle such a high volume of traffic.
It’s worth noting that the largest ship today, the Ever Ace (owned by Evergreen), has a capacity of 24,000 TEUs. Watch this YouTube video for some impressive footage of the ship.
Going Green
Bloomberg reports that shipping accounts for 3% of the world’s carbon emissions. If the industry were a country, that would make it the world’s sixth-largest emitter.
Due to the growth of ESG investing, shipping companies have faced pressure to decarbonize their ships. Progress to this day has been limited, but there are many solutions in the pipeline.
One option is alternative fuels, such as liquefied natural gas (LNG), hydrogen, or biofuels made from plants. These fuels could enable ships to greatly decrease their emissions.
Another option is to completely do away with fuel, and instead return to the centuries-old technology of wind power.
Globalization
Visualized: Seaport Trade Traffic by Country
This infographic highlights the countries with the highest container traffic across their ports, thus dominating seaport trade in 2021.

Visualized: Seaport Trade Traffic by Country
According to the World Bank, global seaport trade traffic reached 841 million TEUs (20-foot container equivalent units) in 2021.
In this infographic, Winifred Amase uses that data to highlight the countries with the highest seaport trade traffic.
China Leads All Seaport Trade Traffic
With a third of the world’s total seaport trade traffic surrounding its many ports, it’s no surprise to see China on top of the list.
In addition to owning seven of the world’s 10 busiest ports, the country also owns close to 100 ports across 63 other countries. This brought the country’s container traffic up to 263 million TEUs in 2021.
Country | 20-Foot Container Count (2021) |
---|---|
🇨🇳 China | 263M |
🇺🇸 United States | 61M |
🇸🇬 Singapore | 37M |
🇰🇷 South Korea | 30M |
🇲🇾 Malaysia | 28M |
🇯🇵 Japan | 22M |
🇮🇳 India | 20M |
🇦🇪 United Arab Emirates | 19M |
🇻🇳 Vietnam | 18M |
🇭🇰 Hong Kong SAR, China | 18M |
In second place is the United States, which saw container traffic of 61 million TEUs. Massive U.S. ports in Los Angeles and New York are some of the busiest ports on the continent.
Asian countries dominated the rest of the top 10 list, taking up seven of the remaining eight spots.
Singapore came in third with 37 million 20-foot container units passing through in 2021. The port handled 599 million tonnes of freight, making it the busiest single port in total shipping tonnage.
The ports in Dubai and Abu Dhabi make the United Arab Emirates a key player in Middle Eastern trade. With a container traffic of 19 million TEUs, the UAE is seventh on the list of nations with the highest seaport traffic in 2021.
-
VC+1 week ago
What’s New on VC+ in September
-
Markets3 weeks ago
The 25 Best Stocks by Shareholder Wealth Creation (1926-2022)
-
Business1 week ago
Ranked: The 20 Best Franchises to Open in the U.S.
-
Money3 weeks ago
How Much Does it Take to Be Wealthy in America?
-
Markets7 days ago
Ranked: The Highest Paid CEOs in the S&P 500
-
Business3 weeks ago
Visualizing the Number of Costco Stores, by Country
-
Markets6 days ago
Charted: Market Volatility at its Lowest Point Since 2020
-
Culture2 weeks ago
Ranked: Which Countries Drink the Most Beer?