By Mike Wackett (The Loadstar) – MSC is set to receive some 330,000 teu of newbuild tonnage this year and will close the gap on its 2M partner, Maersk Line, in the capacity rankings.Our last two posts on MSC noted the company had resources to draw upon should the need arise:
According to new analysis by Alphaliner, MSC has the largest newbuild pipeline of all ocean carriers this year, with 20 vessels expected, for an aggregated total capacity of 334,550 teu.
It said the privately-owned carrier was also expected to launch a “ship-jumboisation” programme this year that will see a series of 14,000 teu vessels converted to raise their nominal capacity to over 17,000 teu.
Meanwhile, stock market-listed Maersk Line is being obliged to adopt a much more cautious approach to its orderbook, with a view to not spooking investors concerned about the possibility of a global slowdown.
The Danish carrier only has six ships due for delivery, for a modest 73,600 teu of capacity, noted Alphaliner.
Indeed, without Maersk’s acquisition of Hamburg Süd and its fleet of around 650,000 teu, MSC would have been almost neck-and-neck with its top-ranked rival at the end of this year, with around 3.6m capacity.
MSC’s delivery pipeline this year includes eight 23,000 ULCVs for delivery in the second half. Alphaliner said it expected some of these to be deployed on the extended rotations of the 2M’s six Asia-Europe strings, while others were expected to cover for vessels taken out of service for around six weeks in the second half for the retrofitting of scrubber systems, ahead of IMO 2020.
The carriers with the next largest 2019 capacity expansion plans are Ocean Alliance partners Cosco and Evergreen, with newbuild pipelines of 181,000 teu and 134,000 teu, respectively.
“Cosco will continue its relentless growth in 2019, fresh from last year’s acquisition of OOCL,” said Alphaliner.
With this capacity injection, the Chinese state-owned carrier will widen the gap on the remaining alliance partner, CMA CGM, currently in fourth place in the rankings....MORE
"MSC" is the abbreviation, not a stock symbol. The company Is privately owned with the controlling shareholders, the Aponte clan, being worth at least $8 billion and probably over $10 B.
And Sept. 25
Shipping: "MSC Announces New Bunker Surcharge to Help Cover $2 Billion Per Year Low Sulphur Fuel Costs"
MSC Mediterranean Shipping Company S.A is another of the world's largest shippers who sound as though they are about to establish a GoFundMe page.
That's a joke.
The Aponte clan* is doin' alright.
****The latest Lloyd's 100 Most Influential People in Shipping (Edition Eight, Dec. 2017) has the Aponte famiglia at #10, just behind the Saadé family (CMA CGM) now led by Rodolphe after his father's death this summer, at #9.
If interested here's an ungated version of Edition Seven of the 100 Most Influential, for folks who don't subscribe via Maritime Cyprus.It's a year out of date but good background or a dandy prospect list.
The subscription makes a fine gift.