Top 10 Container Shipping Lines in 2024
As international trade continues to expand, the world’s leading shipping companies are vital in maintaining efficient global supply chains. Here’s a snapshot of the top carriers ranked by their container capacity (measured in TEUs), highlighting the major players shaping the industry:
- MSC — approximately 6.4 million TEUs, representing about 20.2% of the market
- Maersk — around 4.5 million TEUs, with a 14.3% share
- CMA CGM — nearly 3.88 million TEUs, accounting for 12.7%
- COSCO Shipping — close to 3.35 million TEUs, making up 10.6%
- Hapag-Lloyd — roughly 2.35 million TEUs, holding a 7.4% share
- Ocean Network Express (ONE) — about 1.98 million TEUs, or 6.2% of the market
- Evergreen — around 1.79 million TEUs, representing 5.7%
- HMM — close to 914,000 TEUs, with a 2.9% share
- ZIM — approximately 781,000 TEUs, holding 2.5%
- Yang Ming — about 711,000 TEUs, accounting for 2.2%
Note: Smaller regional and niche carriers make up roughly 15.3% of the total capacity.
These rankings emphasize ongoing industry consolidation, technological innovation, and capacity expansion. For freight forwarders, logistics providers, and international traders, understanding the dominance of these key players is essential to stay competitive and optimize supply chains.
In summary, the industry remains highly concentrated among a few major carriers, with MSC and Maersk leading significantly. Their continued growth and acquisitions will shape the future of global shipping, making it crucial for stakeholders to stay informed about these industry leaders to navigate the evolving logistics landscape effectively.
Disclaimer:
The revenue figures and rankings are based on publicly available industry data and estimates as of 2024. Actual figures may vary depending on the source and reporting period. For the most accurate and up-to-date information, please refer to official company disclosures or trusted industry reports.
