Recently, the global maritime industry has welcomed a new leader - Mediterranean Shipping Company (MSC), whose capacity has exceeded the unprecedented 6 million TEU mark, occupying 20% of the global container transport market and writing a new chapter in the history of the liner industry!
Acccording to the latest statistics from the authoritative organisation Alphaliner, MSC's fleet size has reached a staggering 837 vessels, with a total capacity approaching 6 million TEUs, just one step short of this milestone. These vessels include 539 owned containerships with a combined capacity of nearly 3 million TEUs and 298 chartered vessels with a capacity of approximately 2.98 million TEUs, in addition to 99 newbuildings to be delivered, which are expected to add nearly 1.2 million TEUs of capacity.
MsC's rapid expansion is not only due to a large-scale newbuilding programme, but also includes the acquisition of a large number of second-hand vessels, as well as a moderate chartering strategy, which has enabled it to grow much faster than its peers. In May last year, MSC's fleet capacity crossed the 5 million TEU threshold.
Alphaliner's data also shows that THE Alliance, Maersk's future partnership with Hapag-Lloyd, and Ocean Alliance hold 11.6 per cent, 22 per cent and nearly 29 per cent of the global market share, respectively. Non-alliance companies such as Wan Hai, Zim and PIL split the remaining market.
Itis worth noting that with the dissolution of the 2M alliance, MSC is now in a position to operate global routes on its own, although it may in the future co-operate with others on specific routes through ship-sharing agreements. Xeneta reports that the dissolution of the 2M alliance is gradually progressing, with MSC and Maersk starting to operate independently of each other, although the transition to an entirely new alliance structure still faces many challenges.
The key moment came when MSC managed to cross the 20 per cent market share line with the acquisition of the MSC Nicole X, a 9,600 TEU mega-container ship. Formerly known as the A.P. Moller, the ship belonged to Maersk, which is now number two, and the deal further strengthens MSC's leading position.
Xeneta cautions that the alliance change will be a test for shippers, especially those with long term contracts, especially in the context of the volatile market in 2024. Cargo owners are advised to actively communicate with their carriers in preparation for new partnerships and to consider the different strategies of each carrier in order to cope with possible market changes.
Asthe world's largest container shipping company, MSC is leading the maritime industry to new heights with its outstanding performance.
Recently, the global maritime industry has welcomed a new leader - Mediterranean Shipping Company (MSC), whose capacity has exceeded the unprecedented 6 million TEU mark, occupying 20% of the global container transport market and writing a new chapter in the history of the liner industry!
Acccording to the latest statistics from the authoritative organisation Alphaliner, MSC's fleet size has reached a staggering 837 vessels, with a total capacity approaching 6 million TEUs, just one step short of this milestone. These vessels include 539 owned containerships with a combined capacity of nearly 3 million TEUs and 298 chartered vessels with a capacity of approximately 2.98 million TEUs, in addition to 99 newbuildings to be delivered, which are expected to add nearly 1.2 million TEUs of capacity.
MsC's rapid expansion is not only due to a large-scale newbuilding programme, but also includes the acquisition of a large number of second-hand vessels, as well as a moderate chartering strategy, which has enabled it to grow much faster than its peers. In May last year, MSC's fleet capacity crossed the 5 million TEU threshold.
Alphaliner's data also shows that THE Alliance, Maersk's future partnership with Hapag-Lloyd, and Ocean Alliance hold 11.6 per cent, 22 per cent and nearly 29 per cent of the global market share, respectively. Non-alliance companies such as Wan Hai, Zim and PIL split the remaining market.
Itis worth noting that with the dissolution of the 2M alliance, MSC is now in a position to operate global routes on its own, although it may in the future co-operate with others on specific routes through ship-sharing agreements. Xeneta reports that the dissolution of the 2M alliance is gradually progressing, with MSC and Maersk starting to operate independently of each other, although the transition to an entirely new alliance structure still faces many challenges.
The key moment came when MSC managed to cross the 20 per cent market share line with the acquisition of the MSC Nicole X, a 9,600 TEU mega-container ship. Formerly known as the A.P. Moller, the ship belonged to Maersk, which is now number two, and the deal further strengthens MSC's leading position.
Xeneta cautions that the alliance change will be a test for shippers, especially those with long term contracts, especially in the context of the volatile market in 2024. Cargo owners are advised to actively communicate with their carriers in preparation for new partnerships and to consider the different strategies of each carrier in order to cope with possible market changes.
Asthe world's largest container shipping company, MSC is leading the maritime industry to new heights with its outstanding performance.
