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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22 Nov 2016
Mediterranean Shipping Co. said Tuesday that it’s still discussing allowing Hyundai Merchant Marine into the 2M Alliance, in direct contrast to its alliance partner, Maersk Line, telling the market Friday that a formal membership is off the table.
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.
29 Dec 2015
The 2M Alliance stands to gain from the pending consolidation of the container line industry because the alignment of the five alliances to which the other major carriers belong will change and with it their services, making the consistency provided by the tie-up of Maersk Line and Mediterranean Shipping Co. more attractive, according to a senior MSC executive.
19 Oct 2015
Mediterranean Shipping Co. and Maersk Line today announced the withdrawal of direct services between Asia and the Black Sea as the 2M Alliance partners react to slumping traffic and plummeting freight rates.
24 Sep 2015
Foreign shipping lines have expressed concern about a proposed Vietnam government decree that will require shipping companies to publicize their freight tariffs to protect exporters and importers.