According to data from *Companies Market Cap*, Hapag-Lloyd is currently the world's largest shipping company. The Hamburg, Germany-based company had a market capitalization of US$35.98 trillion as of September 4, 2023, surpassing its main competitors such as Maersk and Cosco.
Maersk ranks second with a market capitalization of US$29.97 trillion. Maersk is a Denmark-based shipping company operating in sea and land cargo transportation.
Furthermore, this company also has other business units such as oil and gas, ports, shipping lines, and other businesses.
Cosco Shipping, a Shanghai, China-based company, ranks third with a market capitalization of US$20.80 trillion as of September 6, 2023. Besides sea freight, Cosco Shipping also offers other services such as financial services and shipbuilding.
Below is a complete list of the top 10 shipping companies by market capitalization in the world as of September 6, 2023:
1. Hapag-Lloyd: US$35.98 trillion
2. Maersk: US$29.97 trillion
3. Cosco Shipping: US$20.80 trillion
4. Nippon Yusen: US$13.89 trillion
5. Mitsui O.S.K. Lines: US$10.54 trillion
6. K Line: US$9.11 trillion
7. Orient Overseas Container Line: US$8.62 trillion
8. Evergreen Marine: US$7.10 trillion
9. MISC Berhad: US$6.91 trillion
10. HMM: US$6.15 trillion
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