Mediterranean Shipping Company

Mediterranean Shipping Company
Mediterranean Shipping Company
Industry Shipping
Founded 1970
Headquarters Geneva, Switzerland
Area served Worldwide
Key people Gianluigi Aponte, CEO
Services Freight transportation
Subsidiaries MSC Cruises
Website www.mscgva.ch
New MSC containers.
Bow of an MSC container ship.

Mediterranean Shipping Company S.A. (MSC) is the world's largest shipping line in terms of container vessel capacity.[1] MSC operates 469 vessels and has a capacity of 2,100,000,000 Twenty-foot equivalent units (TEU). The Geneva-based[2] company operates in all major ports of the world.[3]

Contents

History

MSC was founded in 1970 as a private company by Gianluigi Aponte when he bought his first ship, Patricia, followed by Rafaela, with which Aponte began a shipping line operating between the Mediterranean and Somalia. The line subsequently expanded through the purchase of second-hand cargo ships. By 1977, the company operated services to northern Europe, Africa and the Indian Ocean. The expansion continued through the 1980s; by the end of the decade, MSC operated ships to North America and Australia.[3]

In 1989, MSC purchased the cruise ship operator Lauro Lines, renamed to Mediterranean Shipping Cruises (MSC Cruises) in 1995, and subsequently increased the cruising business.[3]

In 1994, the line ordered its first newly constructed ships, which were delivered beginning in 1996 with MSC Alexa. They were built by Italian shipbuilder, Fincantieri.[3]

The company today

MSC serves 270 ports worldwide on the six continents. 350 local offices, employing a total of 29,000 people, provide an agency network representation. Vessels with up to a capacity of 13,800 TEU, including one of the largest container ships, MSC Emanuela and her sistership MSC Beatrice. The company remains independent and wholly owned by its president Aponte and his family.

The growth of MSC is fully organic, and not through Mergers and Aquisition.

The line was named shipping line of the year in 2007 for the sixth time in eleven years by Lloyds Loading List, which is an achievement not matched by any other shipping line. The line has just also placed orders for eleven new vessels that will be able to carry up to 15,000 TEUs each, which are some of the largest container vessels in the world.

MSC India's new headquarters building "MSC House" was inaugurated by Diego Aponte in 2008.

Cyprus being the hub of container shipping market, MSC Cyprus new headquarters was inaugrated on 8th April 2009 by Mr. Diego Aponte.

Interlink Transport Technologies Inc. in Warren, New Jersey is a subdivision serving some of the company's IT needs.

Accidents and incidents

MSC Napoli

MSC Napoli operated by MSC under charter from its owner, had to be abandoned in the English Channel due to European storm Kyrill in January 2007.

MSC Chitra

The container ship MSC Chitra collided with another vessel on 8 August 2010 in Jawaharlal Nehru Port causing the spillage of approximately 300 containers into the port waters. Jawaharlal Nehru Port and the adjacent Mumbai Port were closed for several days until the containers could be cleared and no longer present any danger to shipping.[4]

MSC Elena

In 2006, MSC was levied a US$10 million fine, and placed on five years probation, after being found guilty in a "magic pipe" case involving MSC Elena in which more than 40 tons of sludge and oil-contaminated bilge waste was intentionally discharged over a five-month period in 2004.[5]

MV Rena

The container ship MV Rena, owned by Costamare and operated by MSC, ran aground on the Astrolabe Reef, near Tauranga, New Zealand On Wednesday, 5 October 2011, at 02.20am (Tuesday 4, 13.20 UTC) with a speed of 17 knots (20 mph.) MSC denies it was responsible for the vessels navigation. [6]

Fleet

References

External links

Portal icon Geneva portal
Portal icon Companies portal
Portal icon Nautical portal
Factory 1b.svg Companies portal

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