| dc.description.abstract | Mediterranean Shipping Company (MSC) is a firm in the shipping and logistics industry. The company was founded in 1970 by Gianluigi Aponte in Geneva, Switzerland. Initially operating as a small traditional ship operator, MSC has rapidly expanded to become the second-largest container shipping company in the world, boasting a fleet of approximately 850 vessels and a capacity
exceeding 24 million TEUs (Twenty-foot Equivalent Units). As of 2024, MSC holds a remarkable 20% market share in the global container shipping industry, marking an all-time high for the company. This growth trajectory positions MSC favorably against competitors like Maersk, with whom it previously maintained a strategic alliance (the 2M alliance), which is set to expire in 2025. Looking ahead, MSC is poised for continued growth as it expands its fleet and enhances its service offerings. The company prioritizes innovation, sustainability, and relationship with customers. These qualities will be critical as it navigates the evolving landscape of global shipping. In summary, MSC's impressive growth story is characterized by strategic fleet expansion, a
commitment to sustainability, and an unwavering focus on customer service, positioning it as a leader in the maritime industry for years to come. | en_US |
