Topic
msc
Logistics MSC reaches 500 secondhand acquisitions in six-year buying blitz
MSC has completed its 500th secondhand containership acquisition since August 2020, according to Alphaliner via Splash247. The Swiss carrier's fleet is approaching 7.4m TEU with over 21% of global capacity, and it now operates east-west trades independently of global alliances.
Logistics MSC Shipmanagement Fined $6m Over Concealed Engine Fault in Charleston Runaway
MSC Shipmanagement has been fined $6 million and placed on four years' probation after admitting to concealing a hazardous engine-control problem aboard the MSC Michigan VII and obstructing the US investigation into the vessel's June 2024 runaway transit through Charleston Harbor. The Cyprus-based operator must also conduct a root-cause analysis, while the NTSB's probable-cause investigation remains open.
Logistics MSC Boxship MSC Silvana VIII Sinks Deeper Off Zhoushan After Failed Refloat
The 8,401 TEU MSC Silvana VIII has sunk deeper into the water off Zhoushan, China, after attempts to refloat the grounded containership failed. Much of the vessel is now submerged, with several cargo holds and the engine room flooded, while another typhoon threatens the salvage operation.
Logistics MSC sues CargoLoop for $273,000 over electric vehicle fire aboard MSC Carlotta
MSC is suing CargoLoop for approximately $273,000 after alleging that improperly secured used electric vehicles sparked a fire aboard the MSC Carlotta in September 2023. The blaze forced the boxship to divert to Mexico for inspection and restow, and damaged several containers. CargoLoop has not yet publicly responded.
Logistics Ocean Shipping Giant MSC Orders Five Next-Gen 777-8 Freighters from Boeing
MSC Air Cargo, the airline subsidiary of Mediterranean Shipping Co., ordered five Boeing 777-8 freighter aircraft at the Farnborough International Airshow. Separately, Embraer announced a firm order from Azorra for 20 E190 passenger-to-freighter conversions. The orders come as the industry faces a future shortage of large cargo jets due to retirements and production constraints.
Logistics MSC Pays $1.4bn for 49% Stake in Adani's Vizhinjam Port, Deepens India Bet
Mediterranean Shipping Company (MSC) is acquiring a 49% stake in Adani Ports' Vizhinjam transhipment terminal for $1.4bn through its terminal arm Terminal Investment Limited (TiL). The deal values the Kerala port at approximately $2.85bn and represents the largest foreign private investment in Indian port infrastructure. Adani will retain a controlling 51% stake. The investment will fund expansion of the terminal's capacity from 1.6m TEU to 5.7m TEU by end of 2028.
Logistics MSC Returns to Megaship Ordering with Up to 20 LNG Dual-Fuel Giants at Hengli
Mediterranean Shipping Co (MSC) has placed an order for up to 20 ultra-large 20,000 TEU LNG dual-fuel containerships at China's Hengli Heavy Industry, according to MB Shipbrokers. The deal, which includes firm orders and options, is one of the largest containership contracts in 2026, with deliveries starting in the first half of 2029.
Logistics MSC denies report of Hapag-Lloyd acquisition talks; carrier says claim 'not true or correct'
Mediterranean Shipping Co (MSC) has denied a report from Manager Magazin that it is looking to acquire a stake in Hapag-Lloyd. A combination of the two lines would reshape the liner landscape and affect Maersk's strategic alliance. MSC already has strong ties to Hamburg through its stake in port operator HHLA.
Logistics MSC Achieves Record 21.6% Global Market Share
Mediterranean Shipping Company (MSC) has set a new record by capturing 21.6% of the global container market. This achievement surpasses Maersk's previous high and highlights MSC's aggressive expansion strategy.
Logistics MSC Acquires Majority Stake in Pivdennyi Terminal
Mediterranean Shipping Co (MSC) has reportedly acquired a 51% stake in the Transinvestservice Container Terminal in Pivdennyi, Ukraine. This acquisition marks MSC's second terminal asset in the country, potentially revitalizing operations at the port.
Logistics MSC Boxship Damaged in Gulf Explosion Near Iraq
An MSC containership, MSC Sariska V, was damaged by an explosion near Iraq's Umm Qasr port. The incident, involving a possible missile strike, highlights security risks in the Gulf.