Mediterranean Shipping Co.

Mediterranean Shipping Co.

Mediterranean Shipping Company (MSC) is the world’s second largest shipping line. The privately owned company was founded in 1970 in Geneva, Switzerland. It operates worldwide, serving 6 continents and calling at 316 ports.

As of mid-August 2014, MSC operates 500 vessels with a combined capacity of more than 2.5 million TEUs (20-foot-equivalent units), according to Alphaliner. The company employs 29,000 people.

According to Alphaliner, MSC has the largest orderbook of any container carrier, at 42 vessels with a combined capacity of more than 480,000 TEUs as of mid-August 2014.

MSC  was the second-ranked container carrier in U.S containerized import trade in 2013, with volume of 1,776,046 TEUs, up 3.4 percent year-over-year, giving it market share of 9.8 percent. It was No. 1  in U.S. containerized export trade in 2013, with volume of 1,558,214 TEUs, up 2.2 percent year-over-year and market share of 12.2 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

In the wake of the rejection of the P3 Network, MSC and Maersk Line have announced plans to form a new vessel-sharing agreement, dubbed “2M,” subject to regulatory approval.

26 Feb 2015
Mediterranean Shipping Co. plans in late April to launch a new container service directly linking India and China to capitalize on the booming intra-Asia cargo trade.
11 Feb 2015
Containerization of perishable cargoes seems to have hit a snag — at least temporarily — as the slump in bunker prices makes conventional reefer ships more competitive again.
27 Jan 2015
Leading container shipping groups are under fire from a safe shipbreaking campaign group for continuing to send vessels to "sub-standard" beach demolition yards on the Indian sub-continent.
11 Jan 2015
The 2M alliance between Maersk Line and Mediterranean Shipping Co. began in Dalian at the weekend when the brand new Triple-E vessel, Munkebo Maersk, left the northern Chinese port for Busan in South Korea, its second stop on the Asia-Europe rotation.
Maersk container ship in Rotterdam
31 Dec 2014
Ocean carriers face an uphill struggle to push through planned general rate increases on the Far East-north Europe trade in January amid deteriorating economic conditions at both ends of the world’s biggest liner route.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
17 Dec 2014
The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.
16 Dec 2014
Mediterranean Shipping Co. is already the largest carrier of U.S. containerized exports and the largest overall carrier in the U.S. market. Now it’s about to add the title of largest carrier in the import market, solidifying its dominance of the U.S. market.
08 Dec 2014
Claudio Bozzo, who has been president and CEO of Mediterranean Shipping Co. (USA) for the last decade, has moved to Geneva to take over a new position as global chief operating officer of MSC, the world’s second largest container line.
08 Dec 2014
Mediterranean Shipping Co. has lifted its congestion surcharge of $100 per TEU imposed earlier on shipments moving from Europe to Sohar, saying congestion at Oman's largest port is easing.
02 Dec 2014
Ongoing congestion at the ports of Los Angeles and Long Beach continued to hurt the schedule of reliability of carriers calling the largest port complex in the Americas last month, according to SeaIntel Maritime Analysis’ latest Global Liner Performance Report.