Business
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.
Business
The Top Private Equity Firms by Country
This map visualizes the leading private equity firms of major countries, ranked by capital raised over the past five years.
The Top Private Equity Firms by Country
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Private equity firms are investment management companies that pool investor capital to acquire stakes in private companies. Through strategic management, they aim to enhance the value of these companies, then profit from a future sale or public offering.
To gain insight into this industry, we’ve visualized the top private equity firms in various countries, ranked by the amount of capital they raised over the past five years ending March 2023.
The cutoff for inclusion in this graphic was $9 billion raised. All figures come from Private Equity International’s PEI 300 ranking.
Data and Highlights
The data we used to create this graphic is included in the table below.
Country | Firm | Amount raised |
---|---|---|
🇺🇸 US | Blackstone | $126B |
🇸🇪 Sweden | EQT | $102B |
🇬🇧 UK | Hg | $51B |
🇱🇺 Luxembourg | CVC Capital Partners | $42B |
🇨🇦 Canada | Brookfield Asset Management | $31B |
🇨🇭 Switzerland | Partners Group | $27B |
🇭🇰 Hong Kong | Hillhouse Capital Group | $26B |
🇫🇷 France | PAI Partners | $24B |
🇨🇳 China | China Reform Fund Management Corp | $17B |
🇳🇱 Netherlands | Waterland Private Equity | $9B |
U.S.-based Blackstone is the world’s largest private equity firm, with operations in additional areas like credit, infrastructure, and insurance.
While not shown in this graphic, the U.S. largely dominates the private equity landscape. If we were to rank the top 10 private equity firms by the same metric (capital raised over past five years), U.S. firms would account for eight of them.
More About Blackstone
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman, both former Lehman Brothers employees.
Notably investments that Blackstone has made include Ancestry.com, where it acquired a majority stake for nearly $5 billion in 2020.
In 2007, it also acquired Hilton Worldwide (one of the world’s biggest hotel operators) for roughly $26 billion.
Sweden’s EQT
EQT is Sweden’s largest private equity firm, and third largest globally. It is just one of three firms that have raised over $100B in capital over the past five years alongside Blackstone and KKR (also American).
EQT made news earlier this year when it raised $24B in two years for its EQT X private equity fund, which invests in the healthcare, technology and tech-enabled service sectors.
If you found this post interesting, check out this graphic that visualizes the most common types of investments that financial advisors use with their clients.
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