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MSC seizes Maersk’s traffic

By: Alethia Tiang, Global
Published: Feb 22, 2012

SHIPPING    MEDITERRANEAN SHIPPING    STRATEGY

Global - Mediterranean Shipping (MSC), the Geneva-based shipping company, will be significantly increasing its share of Asia-Europe container traffic in 2012.

The decision came at the expense of shipping competitor Maersk Line, who announced their decision to cut Asia-Europe trade earlier this week.

Maersk Line announced that it would cut its Asia-Europe capacity by 9% in order to cut costs.

By the end of March this year, MSC will be operating 43 vessels above 12,500 Twenty-foot equivalent unit (TEU), receiving its last ship last week. It hopes to boost its fleet of 11,500-14,000 TEUs to 56 by the end of 2012, The Journal Of Commerce reported.

However, Maersk has reported they will not be receiving any new ships of this size in 2012, with its 18,000 TEUs vessels set to enter only in early 2013.

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