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Updated September 23, 2026

Global Maritime Companies Ranking by
Annual Revenue

Discover the world's highest-grossing shipping companies ranked by annual revenue. Revenue reflects market dominance, pricing power and the scale of global container operations.

Companies with reported revenue

89

Combined revenue (USD bn)

906

Average per company

10

Top 3 carriers by annual revenue

These three carriers generate the largest share of global container shipping revenue. Their combined turnover represents a significant portion of the industry's annual output.

Understanding Maritime Rankings

Key Ranking Criteria

Annual Revenue (USD billions)

Primary Factor

Annual revenue measures the gross value generated by each carrier across all activities. It captures pricing power, contract volumes and global service breadth. Revenue is reported in USD billions, normalised across financial years. A higher revenue often correlates with larger fleet capacity, broader service portfolios and stronger pricing leverage.

Our Methodology

01

Data Collection

Revenue figures are sourced from carrier annual reports, audited financials and trusted industry datasets.

02

Verification

Each figure is cross-referenced with secondary sources to ensure accuracy and exclude one-off items.

03

Analysis

Carriers are ranked strictly by reported revenue; only carriers with publicly available revenue data are included.

04

Quarterly Updates

Rankings are refreshed each year after financial year disclosures, with quarterly updates for major events.

Why Revenue Matters in Shipping Rankings

Revenue captures commercial strength — the ability of a carrier to charge sustainably across its global network.

Commercial scale

Higher revenue points to broader contract portfolios with large shippers and forwarders.

Investment capacity

Revenue-rich carriers can fund newbuilds, retrofits and alternative-fuel programmes faster.

Market influence

Top-revenue carriers shape pricing dynamics on the largest east-west and north-south trade lanes.

Global Shipping Companies by Annual Revenue

The table below lists carriers ranked by annual revenue, with secondary metrics for fleet context. Volume and fleet capacity columns help interpret revenue intensity per unit of capacity.

RankCompanyRevenue (USD bn)
1
Kintetsu World Express
Kintetsu World Express
$346.8B
2
Mediterranean Shipping Compagny
Mediterranean Shipping Compagny
$91.1B
3
CMA CGM Group
CMA CGM Group
$74.5B
4
Hyundai Merchant Marine
Hyundai Merchant Marine
$57.2B
5
A.P. Moller - Maersk
A.P. Moller - Maersk
$51.1B
6
COSCO Shipping
COSCO Shipping
$23.9B
7
Hapag-Lloyd
Hapag-Lloyd
$18.3B
8
Nippon Yusen Kabushiki Kaisha (NYK Line)
Nippon Yusen Kabushiki Kaisha (NYK Line)
$16.0B
9
Nippon Yusen Kaisha
Nippon Yusen Kaisha
$15.3B
10
DHL Global Forwarding
DHL Global Forwarding
$14.6B

Global Shipping Industry Insights

Carrier distribution by Annual Revenue

Small operators84 (94%)
Medium operators5 (6%)
Large operators0 (0%)

Source: Seadex aggregated data, 2026

Industry concentration & trends

Top 10 concentration0.0%

The top 10 carriers represent 0.0% of the global metric across 89 companies.

Average per company10

Average value across the 89 carriers tracked in our database.

Industry total906

Combined value across all carriers with available data.

Source: Seadex aggregated data, 2026

Regional Distribution & Leadership in Global Shipping

European leaders

European-headquartered carriers (Switzerland, Denmark, France, Germany) dominate the top revenue tier with multi-decade global service footprints.

  • MSC, Maersk and CMA CGM consistently rank in the global top 3 by revenue
  • These groups invest heavily in port terminals and logistics subsidiaries beyond pure ocean transport

Asian heavyweights

Asian carriers (China, Japan, South Korea, Taiwan) capture the largest share of intra-Asia and transpacific revenue.

  • COSCO, Evergreen and ONE rank consistently in the global top 10 by annual revenue
  • Their revenue grew faster than European counterparts post-2020 due to transpacific demand

Frequently Asked Questions

How is carrier revenue measured?
Revenue figures reflect gross income across ocean transport, intermodal logistics, terminals and ancillary services as reported in carrier financials.
Why are some carriers missing from this ranking?
Only carriers publishing audited revenue figures are included; many privately-held regional carriers do not disclose financials.
How often are revenue rankings updated?
Annual revenue is refreshed each year after financial disclosures, with quarterly adjustments for major events such as acquisitions.
Does revenue correlate with fleet size?
Generally yes, but premium services, terminal income and freight rates can shift revenue substantially relative to vessel count.
Why are MSC and Maersk so close in revenue?
Both operate globally with diversified portfolios; MSC overtook Maersk in fleet capacity around 2022 but Maersk retains strong logistics revenue.
Where can I find historical revenue data?
Audited annual reports from each carrier and shipping industry trackers like Alphaliner and Drewry are the primary sources.

Explore Other Rankings

01

Fleet Size

Ranking by number of ships

Compare shipping companies based on the total number of vessels in their fleet

View Fleet Size ranking
02

Volume Transported

Ranking by million TEU transported

See which shipping companies move the largest volume of containers globally

View Volume Transported ranking
03

Fleet Capacity

Ranking by container fleet capacity (M TEU)

Compare the total carrying capacity of shipping company fleets worldwide

View Fleet Capacity ranking
04

Ports Coverage

Ranking by number of covered ports

Compare shipping companies based on their global port coverage and network reach

View Ports Coverage ranking
05

Global Presence

Ranking by presence in number of countries

See which shipping companies have the widest global footprint across different countries

View Global Presence ranking
06

Maritime Routes

Ranking by number of maritime lines

Discover which companies offer the most extensive network of maritime shipping routes

View Maritime routes ranking
07

Energy Efficiency

Ranking by EEDI (gCO2 per TEUkm)

Compare the Energy Efficiency Design Index of different shipping companie.

View Energy Efficiency ranking
08

Operational Efficiency

Ranking by annual CO2 reduction (EEOI)

See which companies are improving their Energy Efficiency Operational Indicator the fastest

View Operational Efficiency ranking
09

Container Safety

Ranking by containers lost (% of moved TEU)

Compare companies based on their container safety record and loss prevention

View Container Safety ranking
10

Total Emissions Reduction

Ranking by annual CO2 reduction (total operations)

See which companies are reducing their total carbon footprint the fastest

View Total Emissions Reduction ranking
11

Fleet Emissions Reduction

Ranking by annual CO2 reduction (fleet only)

Compare companies based on how quickly they re reducing their fleet emissions

View Fleet Emissions Reduction ranking
12

Alternative Fuels

Ranking by fleet % using biofuels or dual-fuel engines

Discover which companies are leading in the adoption of cleaner fuel technologies

View Alternative Fuels ranking
13

Fleet Emissions

Total fleet emissions (ktons CO2eq, Scope 1)

Compare the absolute emissions from shipping fleets without adjusting for company size

View Fleet Emissions ranking
14

Total Company Emissions

Total company emissions (ktons CO2eq)

See the total carbon footprint of shipping companies including all operations

View Total Company Emissions ranking
15

CO2 Emissions (WtW)

Ranking by CO2 emissions (Well-to-Wake)

Compare the lifecycle CO2 emissions of shipping companies from fuel production to vessel operation

View CO2 Emissions (WtW) ranking
16

Annual CO2 Reduction (Scope 1)

Ranking by annual % CO2 reduction (Scope 1)

Track which shipping companies are achieving the fastest annual reduction in direct CO2 emissions

View Annual CO2 Reduction (Scope 1) ranking
17

Annual Revenue

Ranking by annual revenue (USD bn)

Compare shipping companies based on their annual revenue and market share

View Annual Revenue ranking

Browse carriers by region

See top carriers operating in a specific region — from intra-Asia services to transatlantic players.

Browse carriers by HQ country

Discover the leading shipping companies headquartered in each major maritime nation.