Number of large cap carriers shrinks from seven to three

Investors have shaved $135bn off the stock valuation of the 11 largest publicly traded container companies over the last 18 months as share prices have continued their inevitable decline.

Just 3 companies have a market capitalization of more than $10bn, having been as high as 7 in May 2022.

Taiwan’s Evergreen, Yang Ming and Wan Hai Lines and Korea’s HMM have returned to midcap territory ($2-10bn), where they re-join companies such as SITC and Matson.

ZIM is today again ranked small-cap (<$2bn), after its market capitalization fell below the threshold in June.