MSC Inks Six-Year Baltimore Contract Extension

Mediterranean Shipping Co. on April 30 signed a six-year extension of its existing contract with the Maryland Port Administration that requires MSC to bring a minimum of 100,000 containers annually to the Port of Baltimore, which is three times the amount the original 10-year contract required.

 

The new agreement extends the current contract with MSC, the port’s largest container shipping company by volume, to December 31, 2014. The deal maintains 628 direct jobs and the continued shipment of MSC containerized cargo through the port. 

 

MSC began a weekly service to Baltimore in 1988, bringing about 4,500 containers to the port that year. By 2008, the number increased 30 fold to more than 136,000 containers. MSC also was the first container shipping company to work out of the Seagirt Marine Terminal after it opened in 1990.