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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23 Feb 2017
It’s the first of what the small East Coast port hopes will be two new services coming to the gateway as ocean carriers and their alliances sort out port coverage this year.
13 Feb 2017
Maersk Line and MSC have expanded their Asia-North Europe and trans-Pacific services to accommodate the volumes from a slot deal signed with HMM and Hamburg Süd.
10 Feb 2017
In an exclusive interview, MSC CEO Diego Aponte says spring may finally be in the air for container carriers.
01 Feb 2017
The deal includes all of Hanjin’s equity interests and shareholder loans in Total Terminals International.
31 Jan 2017
Connections to international services and transshipment ports from Qatar are made via India’s Mundra port on the outbound leg.
26 Jan 2017
MOL is upgrading its CX1 feeder service from the Amazon River port of Manaus, Brazil, to Manzanillo, Panama.
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.