Mediterranean Shipping Company (MSC) is all set to overtake Maersk Line, as the world’s largest container line! All thanks to its hefty new orders, and aggressive strategies.
The title, of the world’s largest container line has been held by Maersk line, for more than 25 years. But, it’s all set to change now, looking at the aggressive strategies of MSC.
MSC, which is now being run by the former COO of Maersk Line, Soren Toft, have been massively hovering up second-hand tonnage over the past one year. Also, they have a pile of big deep-sea vessels in their orderbook.
Currently, Maersk Line operates with 709 vessels, having an approximate net tonnage of 4,121,964 TEU. While MSC’s fleet operates with 588 vessels, with the net tonnage standing at approximately 3,897,002 TEU. MSC is inching closer than ever, in overcoming this capacity gap of 225,000 TEU, with it’s orders of around 34 massive container ships, which has a combined net tonnage of approximately 660,000 TEU! This would make MSC, the world’s largest containership line, sooner than one could think. Also, MSC’s pipeline could grow even further, as several new big builds may join it’s fleet, under long-time charters. This is yet to be confirmed though.
Contrary to its 2M Alliance counterpart MSC, Maersk Line’s future strategy seems to be on a different route. The Copenhagen based shipping giant is currently focusing on sustainability and profitability, with no significant increase in fleet size expected any time soon, as stressed by Maersk Line’s top management. Maersk Line’s orderbook for the year comprises of around 16 ‘regional’ ships, which has a combined net tonnage of approximately 41,674 TEU. Maersk Line is also investing extensively, for extending their reach in supply chain logistics.
According to Alphaliner, the growth of MSC, which is now set to overtake Maersk Line has been organic. While Maersk Line’s top spot ranking is owed to the takeover of Sealand in 1999, P&O Nedlloyd in 2005 and Hamburg Süd in 2017.