The global shipping industry continues to be dominated by key players, with Maersk and CMA CGM leading the pack in 2024, each generating an impressive US$55.5 billion in revenue.
Following behind is COSCO with US$32.3 billion, solidifying its position as a major force in maritime logistics.
Hapag-Lloyd and Ocean Network Express (ONE) secured the fourth and fifth spots with US$20.7 billion and US$18.8 billion, respectively, reflecting steady growth in global trade and container demand. Evergreen, another major carrier, reported US$14.1 billion in revenue, while ZIM, HMM, and Yang Ming saw earnings of US$8.4 billion, US$8 billion, and US$6.9 billion, respectively. Wan Hai rounds out the top 10 with US$4.9 billion in revenue.
It is important to note that MSC, a major industry player, is absent from this list as it remains privately held and does not disclose financial results.
With ongoing challenges in global supply chains, including geopolitical tensions and fluctuating freight rates, these carriers continue to adapt and play a crucial role in international trade.
