Multiple container lines hope to increase rates in a variety of trade lanes from March through June, although any hikes achieved could be fleeting...
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.
18 Feb 2014
Major carriers aim to hike rates in a variety of trade lanes in March, although any increases achieved could be temporary.
12 Feb 2014
The Port of Antwerp said it will proceed with plans to expand container handling facilities for Mediterranean Shipping Co., its biggest customer, as it has not received alternative proposals.
10 Feb 2014
Major container lines hope to increase rates in multiple trade lanes in March, April and May, although any hikes achieved could be fleeting.
06 Feb 2014
Shippers should expect declining container ship reliability over the near term.
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
27 Jan 2014
Major container lines hope to increase rates in multiple trade lanes in February, March and April, although any hikes achieved may be temporary.
13 Jan 2014
It’s too early to predict precisely how the container shipping business will play out in the new year, but there is one certainty: The P3 Network will shake things up in a big way. In the six months since Maersk Line, Mediterranean Shipping Co. and CMA CGM announced they would pool their biggest ships in a giant vessel-sharing alliance in the main east-west trades, competing liner companies have been playing catch-up in an effort to match the P3’s market size and power.
02 Jan 2014
The MSC Monterey is expected to sail to Boston on Jan. 3, following temporary repairs to a crack in its main deck that forced the Liberian-registered container ship to abort its voyage...
31 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in January and February.
31 Dec 2013
Seventeen of the Top 20 container carriers worldwide are expecting deliveries of new ships in the next 12 months, which could make 2014 a record-breaking year for capacity...
30 Dec 2013
The MSC Monterey aborted a voyage from Antwerp to Boston after its crew discovered a crack in main deck of the Liberian-registered container ship as it sailed past the Newfoundland coast on Friday.
