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.

25 Nov 2014
Reinstated port congestion surcharges for container imports into the U.S. West Coast will go into effect beginning on Wednesday.
24 Nov 2014
West Africa trade still points to a region with growth potential, despite a nearly 30 percent drop in exports caused by the Ebola outbreak, Drewry and carrier executives say.
24 Nov 2014
Maersk Line’s chief executive said the carrier would settle for lower margins if this meant more of its competitors were profitable, reflecting concerns that while the largest carriers are profitable the rest of the industry is struggling to keep pace.
21 Nov 2014
Five carriers today joined Mediterranean Shipping Co. in announcing congestion surcharges on cargo heading from Asia to U.S. West Coast ports.
20 Nov 2014
Just days after postponing a surcharge on cargo heading from Asia to U.S. West Coast ports, Mediterranean Shipping Co. today told customers it would impose a surcharge next week to mitigate losses from terminal congestion.
11 Nov 2014
Maersk Group Chief Executive Nils Andersen reiterated Tuesday that the 2M vessel-sharing agreement between Maersk and Mediterranean Shipping Co. will launch in January.
Maersk container ship
05 Nov 2014
Chinese regulators will closely monitoring the vessel-sharing agreement between Maersk Line and Mediterranean Shipping Co., and the so-called 2M faces additional scrutiny if the duo doesn’t reduce their market share on Chinese trade routes to 30 percent.
15 Oct 2014
A record number of ship deliveries will combine with declining scrapping rates and mid-single-digit growth in volume to extend the gap between container ship supply and demand through 2015, according to a leading maritime research consultant.
10 Oct 2014
OOCL has unveiled low sulfur surcharges of up to $110 per 20-foot container for Europe-North America voyages to cover the extra cost of burning cleaner fuels in 2015.
Maersk container ship
08 Oct 2014
Maersk Line said its 2M east-west alliance with Mediterranean Shipping Co. will be launched in January following approval by the U.S. Federal Maritime Commission in a 4-1 vote on Wednesday.
02 Oct 2014
Mediterranean Shipping Co today announced the appointment of Diego Aponte, son of founder Gianluigi Aponte, as President and CEO of the world’s second largest ocean carrier.
Weekly wrap-up: Maersk news, carrier rankings and LA fire
27 Sep 2014
Maersk Line-related stories dominated on JOC.com this past week. The No. 1 container carrier again made news with more 2M developments, plans for new ship orders and comments from its CEO.