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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Webcasts

Midyear Trucking Report: Is a Rally or Retreat Ahead?
Aug 25, 2016 2:00PM EDT
Maersk Line will deploy the same size ships on the new Panama routing as it did via the old routing through the Suez Canal.
21 Jul 2016
Maersk Line said it would reroute one of its Suez Canal strings just days before the Panama Canal opened June 26.
08 Mar 2016
Mediterranean Shipping Co. has expanded the port rotation of its India-South Africa service by introducing a direct call at Hazira, a privately-operated cargo complex on India’s west coast, in an attempt to pick up additional hinterland cargo.
18 Feb 2016
Mediterranean Shipping Co. rebranded its ISES service between India and Europe as “Himalaya Express” and replaced a call at Salalah, Oman with one at King Abdullah, Saudi Arabia, effective this month.
16 Feb 2016
CMA CGM and Cosco are leading efforts to create a new vessel-sharing alliance that could include Evergreen Line and OOCL and would shake up three of the four major east-west carrier groupings, the Alphaliner newsletter reported.
16 Feb 2016
Fifteen leading ocean container carriers, including Maersk Line, Mediterranean Shipping Co. and CMA CGM, have offered to change their practices for setting freight rates to settle an antitrust probe, the European Commission said Tuesday
12 Feb 2016
After volume rose 2.6 percent year-over-year in 2015, the Santos port authority expects volume through South America’s largest container port to inch up slightly this year, as the recession takes its toll, particularly on trade with its top trade partner, China.
28 Jan 2016
Mediterranean Shipping Co. has finalized the acquisition of CP Carga, the freight and logistics unit of Portugal’s state-owned railway.
23 Jan 2016
A Mediterranean Shipping Company container vessel ran aground on the St. Lawrence River Saturday morning between Montreal and Quebec City, according to Canadian authorities.
13 Jan 2016
Maersk Line is still the world’s largest ocean carrier by capacity but its closest rivals, Mediterranean Shipping Co. and CMA CGM, posted higher fleet growth rates during 2015, according to Alphaliner.
08 Jan 2016
Container ship lines say they’ve been forced to skip port calls at New Orleans because of high Mississippi River levels that have reduced clearance under bridges.
06 Jan 2016
Adani Ports and Special Economic Zone on Wednesday announced it reached an agreement with its terminal joint venture partner Terminal Investment Ltd., a subsidiary of Mediterranean Shipping Co., to consolidate operations at Mundra, as India’s biggest port operator positions itself for further growth under new CEO Karan Adani.
05 Jan 2016
Mediterranean Shipping Co. has resumed calls to Iran after suspending services in 2012 in response to trade sanctions imposed on Tehran for its nuclear program.