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.

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.

Ocean carrier rate revision roundup for Aug. 29
29 Aug 2014
Several container lines have planned general rate increases in trade lanes in the next two months, but any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Maersk Kampala
29 Aug 2014
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis.
28 Aug 2014
Maersk Line and Mediterranean Shipping Co. could eventually operate ships of up to 19,200-TEUs on east-west trades that touch the U.S., within their planned “2M” vessel-sharing agreement, according to a filing with the U.S. Federal Maritime Commission.
Maersk Line container ship at anchor
28 Aug 2014
The U.S. Federal Maritime Commission Wednesday received the “2M” vessel sharing agreement proposal for the east-west trades, starting the clock on the agency’s review of the Maersk Line-Mediterranean Shipping Co. plan for the alliance created following the rejection of the P3 Network by China in June.
24 Aug 2014
Carriers in the east-west head-haul trades may opt to cancel fewer sailings this year in response to reduced volumes of China during the country’s Golden Week holiday in early October.
Maersk McKinney-Moller
19 Aug 2014
Maersk Line and Mediterranean Shipping Co. do not require regulatory approval from China for their proposed “2M” vessel sharing agreement on the east-west trades, Maersk Line said today.
12 Aug 2014
Bulk and tanker shipowner Scorpio Group said today that it will enter the container ship market by helping to build the l
Bremerhaven
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
First Half in Review
01 Aug 2014
The first half of 2014 saw the start of several stories that JOC.com will most likely be covering for the next year and perhaps beyond.
21 Jul 2014
The post-Panamax container ship MSC Flaminia will rejoin Mediterranean Shipping Co.’s fleet this week, two years after being heavily damaged in a mid-Atlantic fire that killed three crewmembers.
Weekly wrap-up for July 12, 2014
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
MSC vessel
11 Jul 2014
How much market share Maersk Line and Mediterranean Shipping Co. would control through the 10-year vessel sharing agreement they announced on July 10 will largely determine whether the pact meets a similar fate to that of the P3.