MSC Set to Achieve Historic 20% Global Market Share Milestone, Surpassing Maersk

MSC Maersk

In latest news, the Mediterranean Shipping Company (MSC) is poised to become the first liner to command a 20% global market share since Maersk momentarily held such heights in early 2018. This achievement underscores MSC’s remarkable growth trajectory and strategic prowess in navigating the complex waters of international trade.

The impending accomplishment comes as MSC prepares to part ways with Maersk next year, marking the conclusion of their 10-year partnership in the 2M vessel-sharing agreement. While the two maritime giants have pursued divergent paths in recent years, MSC has emerged as a powerhouse, surpassing historic tonnage records in both new builds and the secondhand market. In contrast, Maersk has focused on its logistics integrator strategy, aiming for a fleet size within the 4 million to 4.4 million TEU range.

According to data from Alphaliner, MSC’s current global market share stands at 19.9%, a testament to its unparalleled growth trajectory. The Swiss carrier is on track to exceed the 6 million TEU mark this year, a feat never before achieved in the history of liner shipping. Meanwhile, Maersk has forged new alliances, including forming the Gemini Cooperation with Hapag-Lloyd, slated to launch in February 2025.

The shift in industry dynamics became evident in January 2022 when MSC dethroned Maersk as the top-ranked global liner, as tracked by Alphaliner. With the inclusion of order books, France’s CMA CGM has also surpassed Maersk in size. Analysts have hailed MSC’s meteoric rise, citing its organic growth strategy as a key driver of success.

Peter Sand, Lead Analyst at Xeneta, a freight rate platform, remarked, “While absolute scale is one thing, the pace at which MSC has leapfrogged Maersk to run way ahead is spectacular.” Undoubtedly, MSC’s achievement signals continued growth potential for the Swiss carrier.

Beyond its cargo division, MSC boasts the distinction of being the world’s third-largest cruise line, further diversifying its portfolio and solidifying its position as a global maritime leader.

As MSC charts a course toward unprecedented market dominance, the shipping industry braces for a new era defined by innovation, strategic partnerships, and relentless pursuit of excellence. With eyes set on the horizon, MSC remains poised to shape the future of global trade and redefine the boundaries of maritime success.

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