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.

23 Jul 2015
The 2M shipping alliance between Maersk Line and Mediterranean Shipping Co. can expand its vessel-sharing agreement on U.S. trade lanes connecting to Israel, Russia and Saudi Arabia after a 45-day review expired Thursday without U.S. Federal Maritime Commission action.
22 Jul 2015
The first half of 2015 brought seven new services to Busan’s youngest terminal and an additional 1 million 20-foot-equivalent unit containers through South Korea’s largest marine gateway, port officials said Wednesday.
16 Jul 2015
Mediterranean Shipping Co. is testing the waters in Iran as it appears more likely United Nations sanctions will be lifted as part of a new nuclear agreement between the West and the pariah state.
02 Jul 2015
Speculation is rising that the three largest global container lines are considering buying the last surviving Brazilian-owned container shipping company, Log-In Logistica Ltda.
17 Jun 2015
Mediterranean Shipping Company will add a direct call at Hazira, India, to its IPAK service in order to enhance direct connections between India, North Europe and the Mediterranean, effective in early July.
MSC container ship in Rotterdam
18 May 2015
The North Atlantic, for long the “sleeping dog“ of container trades, is “waking up,” as rising European imports on the back of a strong U.S. dollar lift freight rates and attract new services, according to Drewry Maritime Research.
18 May 2015
Maersk Line has entered into a vessel sharing agreement with Mediterranean Shipping Co, its 2M alliance partner, and Japan’s Mitsui OSK Lines (MOL) on the Asia to East Coast of South America trade route.
29 Apr 2015
But the ports should recoup much of their lost market share next year and beyond if they address their congestion and labor problems, speakers at the Port of Long Beach Pulse of the Ports breakfast said Wednesday.
01 Apr 2015
2M Alliance partners Maersk Line and Mediterranean Shipping Co. have added a fourth westbound trans-Atlantic service as part of a global revamping of their east-west routes.
09 Mar 2015
Cargo sourced directly from beneficial cargo owners is becoming a steadily larger piece of Mediterranean Shipping Co.’s U.S. import cargo, further underscoring its transformation from an outsider, dependent on intermediaries for freight, to the largest carrier serving the U.S. market.
MSC container ship at the Port of Philadelphia
27 Feb 2015
A new incentive program for ocean carriers at Philadelphia could bring more than 1 million new containers through the city’s Delaware River terminals over the next five years, according to the Philadelphia Regional Port Authority.
27 Feb 2015
Mediterranean Shipping Co. is adding a new container service in the India-Australia-Mediterranean route, called the Australia Express, as the Geneva-based carrier beefs up its India connections to serve growing trade volumes.