Aggressive capacity management in response to the effects of the COVID-19 crisis and escalating tariffs has helped the top 10 container carriers operating in the Europe–US trade increase their share of the market so far in 2020.
Thursday August 13, 2020
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Mediterranean Shipping Co.
Mediterranean Shipping Co.
Privately owned Mediterranean Shipping Co. (MSC), the world’s second-largest shipping line, was founded in 1970. MSC currently operates more than 500 vessels, annually carrying some 20 million TEUs of cargo on some 200 routes to about 500 ports of call. It employs nearly 50,000 people in nearly 500 offices worldwide.
Over the first nine months of 2018, MSC was the third-ranked container carrier, with respect to total U.S containerized import trade, with volume of 2,175,000 TEUs, up 3.1 percent year-over-year, for a market share of 12.1 percent. Over the same period, MSC ranked second in terms of U.S containerized export trade, with volume of 1,250,000 TEUs, up 4 percent, year-over-year, for a market share of 13.1 percent.
Webcasts
Aug 20, 2020 2:00PM EDT
Aug 31, 2020 2:00PM EDT
13 Apr 2020
The world's second biggest container line was slowing resolving a four-day server outage at its Geneva headquarters, a disruption that has affected online processes but not the flow of its customers cargo.
10 Apr 2020
Meditteranean Shipping Co. did not disclose in a LinkedIn post whether the outage was due to a cyber attack, but industry watchers were quick to speculate Friday morning that this was the case.
02 Apr 2020
As consumer demand in the US plummets due to the coronavirus disease 2019 (COVID-19), trans-Pacific carriers are suspending entire strings in addition to blanking additional sailings from Asia in the second quarter.
12 Feb 2020
A cooperation agreement between the 2M Alliance and SM Lines that begins April 1 will increase the alliance’s presence in the Pacific Northwest.
03 Jan 2020
Recent quotes by carriers on their surcharges for more expensive low-sulfur fuel oil are confusing shippers and causing suspicion carriers are attempting to make unreasonable profits from the global LSFO mandate that took effect Wednesday.
11 Dec 2019
Carriers have struggled to lift spot rates on the Asia-Europe trade, and the wide variations in low-sulfur surcharge levels have an analyst asking questions.
22 Nov 2019
Growth in US imports from the Caribbean and Central America was unable to offset a decline in exports in the first nine months of 2019.
17 Oct 2019
Citing environmental concerns, most carriers are rejecting the northern sea route through the Arctic as an option for container shipping, despite the commercial benefits derived from the shorter transit.
23 Sep 2019
US Customs and Border Protection’s 90-day suspension of the carrier’s trusted trade status ended Sept. 16, but not before damaging Mediterranean Shipping Co's brand and spurring some multinational cargo owners to hold off on booking.
16 Sep 2019
Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.
23 Aug 2019
The Port of Virginia will shift more vessel calls to the Virginia International Gateway (VIG) terminal so shippers using rail can receive their cargo faster.
30 Jul 2019
Morten Moller Weisdal, a managing director at Mediterrean Shipping Co., said Tuesday the need to improve sustainability in container shipping is “the single-greatest challenge of our lifetime.” Shippers, he noted, “bear a huge responsibility.”
16 Jul 2019
The 90-day suspension of MSC from the Customs-Trade Partnership Against Terrorism after nearly 20 tons of cocaine were seized at the Port of Philadelphia June 17 sends a clear warning to major container lines.
15 Jul 2019
A forfeiture would have pushed up Mediterrean Shipping Co.’s charterer rates, compounding the pain the carrier has already suffered via delayed shipments, added docking fees, and damage to its brand.
05 Jul 2019
Expectations of slowing demand on the Asia-Europe trade have left the market with little inclination to accept carrier rate increases.
04 Jul 2019
Germany-based carrier Hapag-Lloyd is on a campaign to modernize its reefer fleet and has rolled out plans to bring all the containers online and trackable in real time.
04 Jul 2019
Carriers and shippers alike must adapt to the new realities of a container shipping market in which only a handful of large players control the vast majority of capacity.
03 Jul 2019
Another round of blank sailings has been announced, this time by the Ocean Alliance, as carriers sail into a decidedly uncertain peak season shipping period.
20 Jun 2019
The 90-day suspension from the Customs-Trade Partnership Against Terrorism means the container line will no longer enjoy “trusted trader” status, increasing the likelihood of import shipment delays.
03 Jun 2019
After years of undercutting each other on rates to gain market share and the resulting waves of consolidation, large container carriers seem to have come to a realization that they will sink or swim together.
28 May 2019
Container carriers are accelerating their push into the digital space, with three of the five largest lines now contributing to a blockchain platform led by IBM and Maersk, as well as coalescing around a specific piece of track-and-trace hardware.
23 May 2019
The French container sensor company will have 100,000 boxes fitted with its devices by the end of 2020, thanks to large orders from its two shipping line investors.
16 May 2019
In the latest step in the ocean carrier’s transformation into a “global integrator” of container logistics, Maersk Line has folded in the inland services formerly operated by APM Terminals.
14 May 2019
Adding five new members may give the Digital Container Shipping Association the quorum needed to press forward with the development of standard data protocols.
23 Apr 2019
HMM’s new CEO is on a European tour that will focus on three key challenges: the future of its 2M Alliance relationship, winning customer trust, and gaining insight into the low-sulfur fuel mandate.
16 Apr 2019
Four of the world’s largest shipping lines received clearance this week to begin developing data standards through a new association designed to help carriers to tap more quickly into outside digital innovation.
21 Mar 2019
The expansion of one of four main terminals at the port of Montreal will help Canada’s second-largest port cope with growing cargo volumes as shipping services increase.
19 Feb 2019
The recently completed dredging project will allow India's busiest container port to handle vessels with a capacity of 12,500 TEU without tidal restrictions, and officials expect efficiency gains as well.
19 Feb 2019
Rapid consolidation of container carriers hasn't spurred large-scale rate increases, but it has resulted in increasingly divergent strategies, with some firms focusing solely on ocean transport while others opt for a more "end-to-end" approach.
19 Dec 2018
After a year of dismal schedule reliability, carriers have revised their networks in an attempt to improve service levels, but standing in the way are significant challenges.
30 Nov 2018
The cuts come even amid reports of Brazilian coffee and cotton exporters scrambling for outbound capacity out of the ports of Santos and Vitoria.
29 Nov 2018
The combined US import market share of the Top 5 US import carriers slipped 0.3 percentage points to 58.1 percent from January through September, while the Top 5’s US export share fell 0.8 percentage points to 58.4 percent, according to data from PIERS, a sister product of JOC.com.
29 Nov 2018
Alphaliner offered telling data on ocean carrier third-quarter operating margins compared with a year ago, and despite higher shipping demand and revenue, the margins are a source of concern.
28 Nov 2018
How prudent is the move by selected container lines to redefine and reposition themselves as end-to-end logistics providers? Does it represent a necessary competitive adjustment, in order to be compensated in kind and defend against disruption by new industry actors? Or does it risk losing sight of the underlying container shipping business?
15 Nov 2018
Rather than developing a platform, the ocean carriers involved are taking another approach to try to achieve the goal of common information technology standards.
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