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Ranked: The World’s Largest Container Shipping Companies

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infographic showing the largest container shipping companies

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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.

RankCompanyCountryTEU# of Ships
1Maersk🇩🇰 Denmark4.3M718
1MSC 🇨🇭 Switz.4.3M606
3CMA CGM🇫🇷 France3.2M542
4COSCO Shipping🇨🇳 China2.9M497
5Hapag-Lloyd🇩🇪 Germany1.7M259
6Ocean Network Express🇯🇵 Japan1.5M218
7Evergreen Marine🇹🇼 Taiwan1.5M201
8HMM🇰🇷 S. Korea0.8M79
9Yang Ming🇹🇼 Taiwan0.7M87
10Wan Hai Lines🇹🇼 Taiwan0.4M146

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.

chart showing the growth of container ship size over time

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.

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The Fastest Rising U.S. Housing Markets in 2024

As U.S. home prices hit record highs, which housing market is seen the fastest growth? This graphic shows the top 10 across the country.

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This bar chart shows the U.S. housing markets with the fastest rising home prices in 2024.

The Fastest Rising U.S. Housing Markets in 2024

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.

The U.S. housing market has been on a tear, with median sales prices rising more than 40% since February 2020.

While cities in southern states like Florida have witnessed some of the strongest price growth, more affordable cities across the Midwest are also seeing growing demand as buyers seek out cheaper options.

This graphic shows the U.S. metros with the fastest price growth, based on data from Redfin.

Hottest Housing Markets in America

Below, we rank the metropolitan areas with the fastest annual median sales price growth as of February 2024:

RankMetroMedian Sales Price Growth
Feb 2024 YoY
1Pittsburgh, PA+22.0%
2Fort Lauderdale, FL+18.0%
3Greensboro, NC+17.8%
4Meridian, ID+17.3%
5Toledo, OH+17.0%
6Boca Raton, FL+16.4%
7West Palm Beach, FL+16.1%
8Orlando, FL+15.9%
9Milwaukee, WI+15.6%
10Alexandria, VA+15.4%
U.S. average+6.5%

Pittsburgh, PA soars to the top of the list, with median sale prices jumping 22% over the year.

Once known as a center for steel and iron manufacturing, the city has emerged as a hub for high-tech industries including robotics, software engineering, and healthcare. At a time when housing affordability is near record lows, buyers have flocked to the market thanks to its lower home prices. In February, median sales prices in Pittsburgh were $250,000 compared to the U.S. median price of $412,219.

Following next in line is Fort Lauderdale, FL with prices jumping 18% annually. Like several cities across the state, property values have boomed thanks to the state’s warm climate and low taxes. The state also ranks as one of the best in the country to retire. In 2023, it was one of the fastest growing states in the country, adding 365,205 residents overall.

As we can see, just one housing market in the West, Meridian, ID, is experiencing some of the strongest price growth in the country. Since the pandemic, many Californians priced out of expensive real estate markets have moved to the state due to its strong job market, low crime rate, and affordability. In fact, Los Angeles and San Fransisco are some of the top metropolitan areas nationally that people are moving away from due to remote-work trends and the high cost of living.

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