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.
Hong Kong-listed COSCO Shg has retained its large-cap ranking. Hapag-Lloyd has held the highest US dollar market capitalization since January above its larger competitors Maersk and COSCO. Collectively, the 11 carriers today have a combined market capitalization of just under $110bn, versus $243bn in May 2022.
Source: Alphaliner
