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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24 Jun 2016
The 2M Alliance plans to shift one of their Asia-to-U.S. East Coast services to the newly expanded Panama Canal.
14 Jun 2016
A new Panama Canal container route to the U.S. Gulf from Asia will replace and build on an intermodal rail service that Maersk Line launched via Mexico.
06 Jun 2016
Carriers on the oversupplied Asia-Europe route have worked out a way to reduce transit times without speeding up ships.
30 May 2016
2M restructures its Asia-North Europe services to better manage its scale.
12 May 2016
Five non-vessel-operating common carriers and forwarders have paid the U.S. Federal Maritime Commission to settle allegations they misrepresented cargo to carriers.
31 Mar 2016
Maersk Line and Mediterranean Shipping Co. will add a weekly Panama Canal service linking Asia with the U.S. Gulf ports of Houston and Mobile.
30 Mar 2016
Mediterranean Shipping Co. said it will use Inttra’s eVGM software to receive shippers’ submissions of verified gross mass, which will be required July 1 under the International Maritime Organization’s Safety of Life at Sea amendment.
18 Mar 2016
DP World-operated Nhava Sheva (India) Gateway Terminal on Friday received a call from the 11,000 twenty-foot-equivalent unit MSC Francesca, the largest container ship ever to dock at Jawaharlal Nehru Port Trust, India’s biggest public container gateway.
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