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.

 

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08 Aug 2016
Rickmers Maritime said its charter fleet faces even tougher times ahead following the opening of the widened Panama Canal as its second-quarter loss more than tripled and its charter revenue was down more than a third from a year earlier.
CMA CGM has been investing in Traxens container monitoring solutions, one of which is pictured, since 2015.
27 Jul 2016
Mediterranean Shipping Co. has joined CMA CGM as a co-investor in Traxens.
Maersk Line will deploy the same size ships on the new Panama routing as it did via the old routing through the Suez Canal.
21 Jul 2016
Maersk Line said it would reroute one of its Suez Canal strings just days before the Panama Canal opened June 26.
Joining the 2M Alliance will lower Hyundai Merchant Marine's operating costs and help it gain access to much-needed capital.
14 Jul 2016
After much uncertainty and speculation Hyundai Merchant Marine on Thursday announced that it would join the 2M Alliance.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
27 Jun 2016
Hyundai Merchant Marine discussions with Maersk Line and Mediterranean Shipping Co. to join their 2M Alliance could indicate any number of scenarios.
24 Jun 2016
The 2M Alliance plans to shift one of their Asia-to-U.S. East Coast services to the newly expanded Panama Canal.
14 Jun 2016
A new Panama Canal container route to the U.S. Gulf from Asia will replace and build on an intermodal rail service that Maersk Line launched via Mexico.
06 Jun 2016
Carriers on the oversupplied Asia-Europe route have worked out a way to reduce transit times without speeding up ships.
30 May 2016
2M restructures its Asia-North Europe services to better manage its scale.
12 May 2016
Five non-vessel-operating common carriers and forwarders have paid the U.S. Federal Maritime Commission to settle allegations they misrepresented cargo to carriers.
31 Mar 2016
Maersk Line and Mediterranean Shipping Co. will add a weekly Panama Canal service linking Asia with the U.S. Gulf ports of Houston and Mobile.