Mediterranean Shipping Co. piloted an electronic bill of lading with 100 customers, leading to its rollout of a digital BL product designed to increase accuracy and security of the crucial shipping document.
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.
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15 Mar 2021
MSC said it will bring on a new trans-Pacific service linking the southern Chinese port of Yantian and Vietnam with the two largest ports in the US Southeast and New York.
25 Feb 2021
With the deployment of LNG-powered ships in the trans-Pacific trade, CMA CGM is banking on North American shippers taking greater interest in the carbon output of their supply chains in the coming years.
24 Feb 2021
Container carriers that deployed extra loaders and those that provided express services in the resurgent Asia-US trade saw the largest volume gains in 2020
05 Feb 2021
Momentum toward digital quoting and booking in ocean shipping is undeniable, but it remains to be seen whether shippers and forwarders will demand — and container lines are actually capable of delivering — truly dynamic pricing.
30 Nov 2020
The impact of the COVID-19 pandemic on demand in the United States and the Caribbean and Central America caused two-way trade between the regions to contract in the first nine months of 2020.
09 Nov 2020
Cloud computing is ubiquitous in the world of commerce, and that’s spread in recent years to container lines, which are using a migration to platforms like Microsoft Azure to develop products quickly and then scale them back without committing resources to a server infrastructure.
15 Oct 2020
TradeLens said Thursday that Maersk’s liner competitors MSC and CMA CGM are both “fully integrated” into the platform, which could make it more appealing for cargo owners and 3PLs to use the blockchain-based solution.
02 Sep 2020
Uptake in digital quoting tools at top container lines suggests every carrier will need that capability even if the usage and benefits of such tools aren’t yet clearly defined.
25 Aug 2020
Only eight of the JOC Top 40 Container Carriers by US Imports managed to increase volumes in the first five months of the year, none of which belong to one of the three major vessel-sharing alliances.
20 Aug 2020
A chassis dispute between trucking executives and ocean carriers has reached an impasse, spurring American Trucking Associations to seek a resolution from the US Federal Maritime Commission.
03 Aug 2020
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.
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.
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