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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13 Jan 2017
Northwest Seaport Alliance receives guarantee it said it needed to withdraw its objection to sale of former Hanjin terminal in Seattle.
06 Jan 2017
Port of Seattle wants MSC to post a bond guarantee before being allowed to purchase Terminal 46.
29 Dec 2016
Since Hanjin Shipping failed, the 2M has increased its share of imports from Asia to the United States.
22 Dec 2016
The Long Beach Board of Harbor Commissioners late Wednesday was expected to approve a lease with Terminal Investment Limited, the terminal operating subsidiary of Mediterranean Shipping Co., for the largest container terminal in the Port of Long Beach.
21 Dec 2016
A court in Seoul approved the sale of Hanjin Shipping’s stake in US port operator Total Terminals International to Mediterranean Shipping Co.
13 Dec 2016
HMM failed to gain membership of the 2M Alliance, but the slot-sharing deal it signed up to will see the Korean carrier paying a heavy price.
11 Dec 2016
Hyundai to enter slot-sharing deal with Maersk and MSC, but it will be no 2M Alliance membership.
22 Nov 2016
Mediterranean Shipping Co. said Tuesday that it’s still discussing allowing Hyundai Merchant Marine into the 2M Alliance, in direct contrast to its alliance partner, Maersk Line, telling the market Friday that a formal membership is off the table.
18 Nov 2016
Hyundai Merchant Marine will not join Maersk Line and Mediterranean Shipping Co. in the 2M Alliance.
28 Sep 2016
As Hyundai Merchant Marine is scaling down its deployment of extra loaders, Maersk Line is continuing to add vessels to handle Hanjin Shipping cargo.
The decision by Maersk Line and Mediterranean Shipping Co. to add new trans-Pacific services follows their deployment of extra loaders on the trade.
07 Sep 2016
2M Alliance partners Maersk Line and Mediterranean Shipping Co. will add a pair of weekly trans-Pacific services.
06 Sep 2016
Hanjin Shipping's sudden exit has left shippers looking for capacity.