The global shipping industry plays a key role in promoting international trade and economic growth by transporting goods and products between almost every country in the world.
Although shipping has traditionally represented the movement of goods by ship, it also includes air and land transport. The COVID-19 pandemic has significantly disrupted supply chains and supply lines.
From the point of view of world trade, sea transport is the most cost-effective option. Cross-border trade depends on the safe and efficient transport of goods across seas, which is why shipping companies are in high demand. It has a wide range of connections to different fields; food, medicine, and the best tech tools are just a few of the many things that benefit from delivery.
Cost-effective shipping methods are followed mainly in developing countries for economic growth and sustainability.
Every nation depends only on land trade; shipping is essential.
For the simple reason that shipping is what makes the world go round economically, business and commerce cannot function without it. These shipping companies transport both raw materials and finished products that we use every day.
Here are the world’s 5 largest shipping companies in the world:
Revenue (TTM): $14.1 billion
Net Income (TTM): $555.8 million
Market Cap: $10.6 billion
German transportation business enterprise Hapag-Lloyd is a multinational whose shipping liner ships serve all continents.
It stands among a few massive delivery groups in this listing because, similarly to sea transport, it’s far more concerned with delivery through air, road, rail, and inland waterways.
It was installed in 1970 and has grown hastily due to its inception. Its headquarters are in Hamburg, and it employs over 13,000 humans and generates over $12 billion in annual sales.
The 1,688,396 TEU capability of this organization permits it to make stops at six hundred ports for the duration of 128 countries.
In addition to serving as an ocean provider for intra-American, Latin American, and transatlantic commerce, in addition to the Middle East, its 118-vessel fleet presents liner offerings everywhere in the world.
Revenue (TTM): $14.2B
Net Income (TTM): $96.6M
Market Cap: $3.6B
Mitsui Lines (MOL) is one of Japan’s largest container and other cargo carriers. In 1999, MOL and Navix Line merged to form Mitsui O.S.K. Lines, Ltd. Along with “K” Line and NYK Line, MOL is now a member of the One Network Express (ONE) joint venture.
The company transports various materials, such as coal, grain, logs, cement, metals, cars, paper, and chemical products.
Mitsui O.S.K. Lines operates container ships, ferries, tankers, and special vessels.
Revenue (TTM): $21.8B
Net Revenue (TTM): $941.6M
Market Cap: $7.1B
COSCO Transportation is a container transportation service that also provides bulk cargo transportation, terminal operations, and related services.
It is the largest shipping company in China. In 2016, China Shipping Company and COSCO Group merged into the current entity. It is home to one of the largest merchant fleets in the world.
During the year, COSCO, with its more than 10,000 fleet members, visits more than a thousand ports around the world, 360 of which are bulk carriers. They have a turnover of 7.2 billion RMB and employ 130,000 people (renminbi).
Revenue (TTM): $24.8B
Net Income (TTM): -$2.5B
Market Cap: $2.9B
Nippon Yusen Kabushiki Kaisha (NYK) is Japan’s largest shipping company. The company has 615 vessels in its arsenal and offers excursion services, cargo retrieval, special vessels, and tankers. Through its nearly 500 subsidiaries, NYK also provides services related to terminal and port transportation, cruise lines and travel, logistics services, towing services, and air traffic.
Delivery accounts for just over 60 percent of the company’s turnover, while logistics accounts for 20 percent.
Nippon, which is a transportation and logistics company mediates services between international and domestic ports.
The main activities of the company are container transport, cruise lines, special transport companies, and logistics.
Revenue (TTM): $38.3B
Net Income (TTM): $1.1B
Market Cap: $30.8B
An integrated transport and logistics company, Maersk of Denmark has a global fleet of tankers, supply vessels, terminals, and other vessels. In addition, the company is engaged in oil and gas exploration and production and engages in industrial enterprises.
If you compare the 15 largest shipping companies in the world, the Danish Maersk is in first place. Maersk is an integrated transport and logistics company.
Maersk of Denmark has a global fleet of tankers, supply vessels, terminals, and other vessels. In addition, the company is engaged in oil and gas exploration and production and engages in industrial enterprises in business since 1904, headquartered in Copenhagen, Denmark.
Their fleet of ships and containers is the largest in the world, and through several subsidiaries, they are also involved in the logistics and transport.
They operate in more than 130 countries and move about $675 billion in goods annually. They have 76,000 employees and a total TEU of