Mediterranean Shipping Co (MSC) has the potential to bypassMaersk Line and grab the title as the world’s largest container shipping company by 2016, according to global shipping analystsAlphaliner.
During recent years, Maersk Line has been content with its massive triple-E class ships which can haul over 18,000 TEU, however, MSC is currently undertaking a massive capacity expansion itself.
Current orders from MSC are reported to be a collective 610,000 TEU compared to Maersk’s 182,000 TEU, and recently MSC has been linked to an order for three 19,000 TUE box-ships to be built by Daewoo Shipbuilding & Marine Engineering (DSME), by China’s Bank of Communications Financial Leasing Company.
With the Panama Canal expansion soon to be completed, MSC is rumoured to have around 34 8,000-9,400 TEU new-Panamax ships set for delivery in 2015 and 2016.
This could see MSC’s fleet increase from 2.5 million TEU, to 3 million TEU by late 2016.
In other shipping news, CMA CGM has signed an agreement with China Shipping and United Arab Shipping Co (referred to as ‘OCEAN THREE’) to solidify a combination of vessel sharing agreements, slot exchange agreements and slot charter agreements.
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