MSC becomes largest container shipping company

Date Added: 10 January 2022

MSC becomes largest container shipping company

With our broad range of ocean freight forwarding and logistics services, Davies Turner notes that according to the trade media, Mediterranean Shipping Company (MSC) has finally overtaken Maersk to become the largest container shipping company in the world in terms of teu capacity.

According to the latest figures produced by Alphaliner, MSC has a total container capacity of 4,284,728 teu, while Maersk follows with 4,282,840 teu. However, the orderbook of MSC is more than three times larger than Maersk's one, which means that the gap between the two companies is expected to widen in the next months.

Alphaliner stated: "For a period of some weeks, the capacity gap between MSC and Maersk Group is expected to remain tight, so that daily fleet fluctuations from charter on-hires and off hires could – theoretically – see Maersk Group move ahead again for short periods of time. MSC is however expected to become a permanent number one in the first half of 2022, when numerous large newbuilt container ships are scheduled to be delivered to the carrier.“

Alphaliner added that the two companies, which comprise the largest container alliance in the world - 2M Alliance, dominate the container market with a combined 34% (17% each) of the global teu capacity. The market share of MSC is however anticipated to further increase in the next months, when the company will be taking delivery of newbuildings.

For more information about Davies Turner’s ocean freight forwarding and logistics services, please contact [email protected] or visit https://www.daviesturner.com/ocean

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