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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17 Aug 2017
Port of Los Angeles and GE Transportation will expand across the entire port their pilot program to establish a single electronic platform through which port users can share shipment information in a secure environment.
23 Jun 2017
Portonave is the second-largest container terminal in Brazil.
13 Jun 2017
Rickmers Group filed for insolvency last week.
05 Apr 2017
Authorities are planning to investigate the cause of a fire that broke out in the bow of a 13,800 twenty-foot e
28 Mar 2017
Although the 2M Alliance will launch April 1, the HMM agreement will go into effect as soon as March 30.
23 Mar 2017
The Department of Justice declined to say why CEOs of major carriers were served subpoenas March 15 at the biannual Box Club meeting in San Francisco.
14 Mar 2017
“Maersk Line has no plans to implement a trust fund to further safeguard cargo.”
23 Feb 2017
It’s the first of what the small East Coast port hopes will be two new services coming to the gateway as ocean carriers and their alliances sort out port coverage this year.
13 Feb 2017
Maersk Line and MSC have expanded their Asia-North Europe and trans-Pacific services to accommodate the volumes from a slot deal signed with HMM and Hamburg Süd.
10 Feb 2017
In an exclusive interview, MSC CEO Diego Aponte says spring may finally be in the air for container carriers.
01 Feb 2017
The deal includes all of Hanjin’s equity interests and shareholder loans in Total Terminals International.
31 Jan 2017
Connections to international services and transshipment ports from Qatar are made via India’s Mundra port on the outbound leg.