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.

18 Sep 2014
Maersk Line today released the 2M Alliance’s tentative 2015 east-west network, including port rotations, arrivals and departures and transit times.
15 Sep 2014
Mediterranean Shipping Co. today unveiled surcharges of up to $165 per 20-foot container on North European and North American routes that will be subject to new low-sulfur limits in 2015.
Hapag-Lloyd's Hamburg Express container ship
14 Sep 2014
Container freight rates will stabilize and may trend upward over the next few years despite the existing overcapacity of vessel space because of the expansion of existing carrier alliances and the creation of new ones, according to Rolf Habben Jansen, CEO of Hapag-Lloyd.
09 Sep 2014
The Containerization & Intermodal Institute said it will present its 2014 Connie Award for industry leadership to Claudio Bozzo, president and CEO of Mediterranean Shipping Company (USA)
09 Sep 2014
Mediterranean Shipping Co. is set to overtake Maersk Line by 2016 as the world’s largest ocean container carrier in terms of deployed capacity, according to industry analyst Alphaliner
04 Sep 2014
Maersk Line and Mediterranean Shipping Co. appear to have the same confidence that Chinese regulators will approve their “2M” vessel-sharing agreement as they did before China’s rejection of the P3 Network, said U.S. Federal Maritime Commissioner Richard Lidinsky.
03 Sep 2014
Mediterranean Shipping Co. imposed a congestion surcharge on all cargo from Europe for the Port of Sohar, Oman, effective Sept. 1.
02 Sep 2014
When he goes to Shanghai in November, U.S. Federal Maritime Commissioner William Doyle wants to find out how Chinese regulators will handle the “2M” vessel-sharing agreement, as statements that the pact doesn’t require regulatory approval from Beijing are coming from others, not regulators themselves.
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.