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Six publicly listed container carriers record a combined market valuation over US$10 billion, as the Red Sea crisis plus windfall profits from the threat of tariff action continued to keep shipping share prices high, according to Alphaliner.
After a market contraction in 2023, which saw the number of carriers with a large-cap valuation shrink to just three companies, stocks have continued to build on the Red Sea effect, collectively rising 20% over the last year.
Wan Hai Lines became the most recent addition to the category, with its valuation reaching US$10.05 billion in mid-May, while last month saw ZIM Integrated Shipping Services again lifted out of the small cap category into the mid cap range, after its valuation rose above US$2 billion last month.
The top three container carriers by market capitalization are COSCO Group, Maersk and Hapag-Lloyd.
