MSC has built up a massive market share of 20% of the global container
shipping industry, an all time high for the shipping line as well.
In the current year, the container shipping giant has added about
400,000 TEUs to its fleet. In July, the shipping line’s share of operational
fleet rose to 19.8%, which is the highest ever capacity recorded by any
carrier. Earlier, only Maersk had come close to dominating the market in a
similar manner. Maersk’s market share peaked at 19.4% in 2018 but has decline
in each of the five consecutive years since then.
MSC further has
massive orders lined up, including six 19,000 TEU
ships at Shanghai Waigaoqiao Shipbuilding (SWS) and eight 11,500 TEU vessels at
Penglai Zhongbai Jinglu Ship Industry (Jinglu), all to be LNG dual-fuelled.
Earlier, MSC had
booked a dozen 19,000 TEU LNG dual-fuelled ships at Zhoushan Changhong
International Shipyard, taking its order book to 1.84
million TEUs.