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 December 2013, MSC operates 475 vessels with a combined capacity of more than 2.3 million TEUs (20-foot-equivalent units). The company employs 29,000 people.

According to Alphaliner, MSC has the largest orderbook of any container carrier, at 41 vessels with a combined capacity of more than 450,000 TEUs as of December 2013.

MSC has announced plans to join fellow major container carriers Maersk Line and CMA CGM, in the P3 Network, an alliance that will allow all three lines to deploy their largest vessels in Asia-Europe trade, while deploying smaller vessels in Trans-Pacific and Trans-Atlantic trade, subject to regulatory approval.

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.
01 Aug 2013
Adani Ports and Special Economic Zone, India’s largest private port infrastructure developer, reported its consolidated net profit in the first fiscal quarter, which ended June 30, was $68.5 million, increasing 51 percent year-over-year.
Mediterranean Shipping Co. container ship
30 Jul 2013
Mediterranean Shipping Co. has placed so many orders for new container ships recently that its orderbook is the largest among all carriers, according to Alphaliner.
25 Jul 2013
Effective Aug. 1, Maersk Line will boost rates on its trade from South Africa to the Middle East and Indian subcontinent by $100 per 20-foot container.
23 Jul 2013
Mediterranean Shipping Co. plans to expand its intra-India feeder service by adding a call at the Port of Hazira, a privately operated cargo hub on the west coast.
19 Jul 2013
Major container lines have announced rate increases for several trade lanes, as detailed below, slated to take effect in August...
18 Jul 2013
Mediterranean Shipping Co. has announced plans to expand its services to and from India.

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