10 Biggest Shipping Companies

The global shipping industry plays a central role in driving international trade and economic growth by transporting commodities and products between virtually every nation in the world. While shipping has traditionally represented cargo transport by boat, it also includes air and land freight.

Though the COVID-19 pandemic disrupted supply chains and shipping lines significantly in 2020, the industry has begun to recover and is seeing high revenues. We look in detail below at the 10 biggest shipping companies by 12-month trailing (TTM) revenue. This list is limited to companies which are publicly traded in the U.S. or Canada, either directly or through ADRs. Some foreign companies may report semiannually, and so may have longer lag times. All data are provided by YCharts as of December 22, 2022.

#1 A. P. Møller - Mærsk A/S (AMKBY)

• Revenue (TTM): $82.22 billion
• Net Income (TTM): $30.34 billion
• Market Cap: $30.09 billion
• 1-Year Trailing Total Return: -28.23%
• Exchange: OTC

The company better known simply as Mærsk is an integrated transport and logistics firm. Denmark-based Mærsk operates a worldwide fleet of tankers, supply ships, terminals, and other vessels. In addition, the company also explores for and produces oil and gas and operates industrial businesses.

#2 COSCO SHIPPING Holdings Co. Ltd. (CICOF)

• Revenue (TTM): $63.94 billion
• Net Income (TTM): $18.09 billion
• Market Cap: $16.9 billion
• 1-Year Trailing Total Return: -23.30%
• Exchange: OTC

Based in China, COSCO SHIPPING Holdings is a shipping services company offering container and bulk shipping, terminal operations, and related services.

#3 Hapag-Lloyd AG (HPGLY)

• Revenue (TTM): $36.66 billion
• Net Income (TTM): $18.63 billion
• Market Cap: $34.85 billion
• 1-Year Trailing Total Return: -19.58%
• Exchange: OTC

German transportation company Hapag-Lloyd is a multinational whose cargo liner ships serve all continents. It stands among some big shipping companies on this list because, in addition to sea transport, it is involved in shipping by air, road, rail, and inland waterways.

#4 Nippon Yusen Kabushiki Kaisha (NPNYY)

• Revenue (TTM): $20.91 billion
• Net Income (TTM): $10.47 billion
• Market Cap: $12.06 billion
• 1-Year Trailing Total Return: 20.07%
• Exchange: OTC

Nippon Yusen Kabushiki Kaisha is a transportation and logistics company facilitating services between international and domestic ports. The company's primary businesses include container transportation, cruise lines, specialized carriers, and logistics. Nippon Yusen is based in Japan.

#5 Orient Overseas International Ltd. (OROVF)

• Revenue (TTM): $16.83 billion
• Net Income (TTM): $7.13 billion
• Market Cap: $12.75 billion
• 1-Year Trailing Total Return: 22.96%
• Exchange: OTC

Orient Overseas is a Hong Kong-based shipping company that provides transportation and logistics services through subsidiaries. The company both owns and leases ships, operates terminals, transports containers, and provides freight forwarding services. The company also has businesses focused on property and securities investment, and equipment leasing.

#6 ZIM Integrated Shipping Services Ltd (ZIM)

• Revenue (TTM): $13.84 billion
• Net Income (TTM): $5.91 billion
• Market Cap: $2.13 billion
• 1-Year Trailing Total Return: -45.05%
• Exchange: New York Stock Exchange

The Israeli firm ZIM is a publicly-owned international shipping company that has traded on the New York Stock Exchange since 2021. It both owns and leases container ships, including specialty vessels such as refrigerated ships and oil tankers. The company is headquartered in Israel, though it also has regional headquarters in the United States, Germany, and Hong Kong.

#7 Mitsui O.S.K. Lines Ltd. (MSLOY)

• Revenue (TTM): $11.97 billion
• Net Income (TTM): $8.27 billion
• Market Cap: $9.39 billion
• 1-Year Trailing Total Return: -35.79%
• Exchange: OTC

Mitsui O.S.K. Lines is a marine transportation, cargo handling, and warehousing company based in Japan. The company transports a variety of materials including coal, grain, logs, cement, metals, cars, and paper and chemical products. Mitsui O.S.K. Lines operates container ships, ferries, oil tankers, and specialized vessels.

#8 Kawasaki Kisen Kaisha Ltd. (KAIKY)

• Revenue (TTM): $7.08 billion
• Net Income (TTM): $7.67 billion
• Market Cap: $5.26 billion
• 1-Year Trailing Total Return: 4.58%
• Exchange: OTC

Japanese company Kawasaki Kisen Kaisha is a marine cargo firm. The company transports a variety of materials including petroleum, cars, grain, and iron ore. Additionally, Kawasaki Kisen Kaisha provides warehousing, land transportation, and insurance services.

#9 Dampskibsselskabet NORDEN A/S (DPBSF)

• Revenue (TTM): $5.16 billion
• Net Income (TTM): $661.5 million
• Market Cap: $1.86 billion
• 1-Year Trailing Total Return: 145.43%
• Exchange: OTC

Dampskibsselskabet Norden A/S is a Danish shipping company that is headquartered in Copenhagen, Denmark, and traded on the Copenhagen Stock Exchange. It offers global shipping services for dry cargo and product tankers.

#10 Matson Inc. (MATX)

• Revenue (TTM): $4.81 billion
• Net Income (TTM): $1.38 billion
• Market Cap: $2.39 billion
• 1-Year Trailing Total Return: -20.56%
• Exchange: New York Stock Exchange

Matson is a transportation and logistics company serving the North American market. Matson focuses on domestic and international rail intermodal service and highway brokerage. It also offers less-than-load shipping, supply chain services, and third-party logistics.