Mediterranean Shipping Company (MSC) is currently the second largest container shipping line in the world and operates in all the major ports globally.
The company started out as a privately-owned entity when it was founded in Geneva, Switzerland in 1970, according to the company’s website.
By the late 1970s, the shipping line had started operations along routes such as Africa, Europe and the Indian Ocean, with the Port of Antwerp being one of the most important ports for the company.
Services in Australia and North America had been added by the end of the 1980s.
During recent years, the company has expanded considerably to consolidate its position as the second largest in the world.
A unique factor in MSC’s development is that growth has been achieved internally as an organic business unit, as opposed to opting into an acquisition or merger.
Only very recently has the shipping line opted into its 2M shipping agreement with Maersk, in a bid to improve its operational efficiency and profitability, not lose its commercial autonomy.
MSC currently operates more than 460 vessels with a combined capacity of around 2.3 million TEU.
Insight #2 of Shipping Liners: MSC. (Source: Felixstowe Docker BlogSpot)
