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.
24 Aug 2014
Carriers in the east-west head-haul trades may opt to cancel fewer sailings this year in response to reduced volumes of China during the country’s Golden Week holiday in early October.
Maersk McKinney-Moller
19 Aug 2014
Maersk Line and Mediterranean Shipping Co. do not require regulatory approval from China for their proposed “2M” vessel sharing agreement on the east-west trades, Maersk Line said today.
12 Aug 2014
Bulk and tanker shipowner Scorpio Group said today that it will enter the container ship market by helping to build the l
Bremerhaven
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
First Half in Review
01 Aug 2014
The first half of 2014 saw the start of several stories that JOC.com will most likely be covering for the next year and perhaps beyond.
21 Jul 2014
The post-Panamax container ship MSC Flaminia will rejoin Mediterranean Shipping Co.’s fleet this week, two years after being heavily damaged in a mid-Atlantic fire that killed three crewmembers.
Weekly wrap-up for July 12, 2014
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
MSC vessel
11 Jul 2014
How much market share Maersk Line and Mediterranean Shipping Co. would control through the 10-year vessel sharing agreement they announced on July 10 will largely determine whether the pact meets a similar fate to that of the P3.
2M infographic thumbnail
10 Jul 2014
The world’s two biggest container lines today announced plans to launch a 10-year vessel-sharing agreement, dubbed 2M, to cover more ports with direct services and improve efficiency through better utilization of vessel capacity and economies of scale.
10 Jul 2014
With the body of the failed P3 Network still warm, the world's top two carriers have announced a new global agreement without CMA CGM.
P3 broken links
09 Jul 2014
It ended so fast. With one statement, the countless hours and money spent over the last year to prepare for one of the biggest — if not the biggest — game-changers in global container shipping went up in smoke.