1 Adani Ports and Special Economic Zone ADANIPORTS.NS 71 not measured 32.3 0.4% $46.89B 2 A.P. Møller - Mærsk MAERSK-B.CO 62 high 10.1 2.4% $42.56B 3 COSCO SHIPPING Holdings 601919.SS 70 not measured 7.5 5.1% $38.85B 4 Hapag-Lloyd HLAG.DE 46 medium 395.9* adjusted 247.3 2.3% $25.5B 5 Shanghai International Port (Group) 600018.SS 67 not measured 8.6 3.4% $19.76B 6 China Merchants Energy Shipping 601872.SS 70 not measured 8.9 2.3% $19.67B 7 Nippon Yusen Kabushiki Kaisha 9101.T 64 not measured 8.7 3.5% $17.03B 8 Evergreen Marine Corporation (Taiwan) 2603.TW 68 not measured 10.2 6.2% $16.97B 9 SITC International Holdings 1308.HK 84 not measured 11.4 7.6% $14.44B 10 Mitsui O.S.K. Lines 9104.T 60 not measured 8.3 3.3% $14.3B 11 HMM 011200.KS 51 not measured 13.2 3.5% $14.11B 12 COSCO SHIPPING Energy Transportation 600026.SS 61 not measured 10.7 3.9% $13.91B 13 Orient Overseas (International) 0316.HK 60 not measured 9.7 5.1% $12.52B 14 Kawasaki Kisen Kaisha 9107.T 64 not measured 9.8 3.9% $11.11B 15 Ningbo Zhoushan Port 601018.SS 51 not measured 14.0 3.4% $10.27B 16 Frontline Plc FRO 70 high 6.8 6.1% $10.14B 17 Wan Hai Lines 2615.TW 77 not measured 7.6 2.7% $9.48B 18 Qingdao Port International 601298.SS 71 not measured 12.1 5.0% $9.48B 19 China Merchants Port Holdings 0144.HK 64 not measured 10.7 4.3% $9.16B 20 China Merchants Port Group 001872.SZ 67 not measured 18.4 3.2% $8.66B 21 JSW Infrastructure JSWINFRA.NS 66 not measured 55.5 0.3% $8.59B 22 Wallenius Wilhelmsen WAWI.OL 70 medium 11.7 9.3% $7.63B 23 Kirby KEX 55 medium 18.2 0.0% $6.77B 24 Matson MATX 69 medium 11.9 0.7% $6.28B 25 Yang Ming Marine Transport 2609.TW 56 not measured 7.4 3.4% $6.28B 26 International Seaways INSW 74 high 4.8 5.8% $5.18B 27 Cmb.Tech CMBT.BR 61 high 6.0 8.4% $5.01B 28 Hafnia HAFN 72 high 7.2 13.7% $4.98B 29 Scorpio Tankers STNG 72 medium 4.2 2.2% $4.19B 30 Wilh. Wilhelmsen Holding WWI.OL 74 medium 7.3 3.2% $3.89B 31 Höegh Autoliners HAUTO.OL 74 medium 8.4 6.7% $3.69B 32 TORM TRMD 74 high 5.0 12.5% $3.61B 33 ZIM Integrated Shipping Services ZIM 52 medium 25.3* adjusted 116.0 0.0% $3.5B 34 DHT Holdings DHT 71 high 5.0 11.4% $3.48B 35 Okeanis Eco Tankers ECO 76 high 8.3 5.0% $3.35B 36 BW LPG BWLP 73 medium 7.6 11.8% $3.35B 37 Star Bulk Carriers SBLK 68 medium 10.9 6.7% $3.14B 38 Teekay Tankers TNK 73 medium 5.3 0.6% $3.09B 39 Danaos DAC 75 medium 5.1 2.4% $2.75B 40 Navios Maritime Partners NMM 67 medium 4.4 0.3% $2.49B 41 Stolt-Nielsen SNI.OL 62 medium 7.6 5.7% $1.83B 42 Hamburger Hafen und Logistik HHFA.DE 44 low Loss 0.0% $1.73B 43 SFL SFL 51 medium 16.7 7.7% $1.65B 44 Costamare CMRE 63 medium 5.0 3.7% $1.57B 45 Global Ship Lease GSL 79 medium 4.1 5.9% $1.54B 46 Dampskibsselskabet Norden DNORD.CO 60 medium 8.5 2.2% $1.47B 47 Nordic American Tankers NAT 58 high 11.5 11.8% $1.42B 48 FLEX LNG FLNG 55 high 13.3 11.9% $1.37B 49 Irish Continental Group IR5B.IR 72 low 16.2 1.4% $1.32B 50 MPC Container Ships MPCC.OL 70 medium 5.6 6.9% $1.3B 51 Navigator Holdings NVGS 59 medium 7.0* adjusted 10.1 1.3% $1.28B 52 DFDS DFDS.CO 55 medium Loss 0.0% $1.28B 53 Capital Clean Energy Carriers CCEC 49 medium 11.7 3.0% $1.22B 54 Piraeus Port Authority PPA.AT 73 low 14.5 4.4% $1.21B 55 Genco Shipping & Trading GNK 53 medium 14.7 6.9% $1.14B 56 d'Amico International Shipping DIS.MI 67 medium 8.4 4.2% $1.12B 57 Odfjell ODF.OL 64 medium 6.1 8.0% $992.86M 58 Safe Bulkers SB 61 medium 10.1 3.0% $892.45M 59 Himalaya Shipping HSHP 56 medium 14.7 11.1% $775.95M 60 Ardmore Shipping ASC 66 high 6.9 1.0% $750.04M 61 Klaveness Combination Carriers KCC.OL 69 medium 9.6 8.6% $665.35M 62 Solstad Offshore SOFF.OL 56 medium 4.2 8.1% $603.4M 63 Pangaea Logistics Solutions PANL 71 medium 7.8 2.8% $578.79M 64 Rederiaktiebolaget Gotland (publ) GOTL-A.ST 38 medium 81.0 0.0% $573.92M 65 AS Tallink Grupp TALLINK.HE 57 low 15.7 9.1% $549.89M 66 Costamare Bulkers Holdings CMDB 47 not measured 70.6* adjusted 21.8 0.0% $480.93M 67 Euroseas ESEA 74 high 3.4 4.6% $467.07M 68 Attica Holdings ATTICA.AT 39 high 68.1 0.0% $392.32M 69 Ernst Russ ERAG.DE 80 medium 5.2 2.8% $341.12M 70 Seanergy Maritime Holdings SHIP 60 high 5.4 5.7% $334.12M 71 StealthGas GASS 65 medium 5.0 0.0% $301.03M 