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News

MSC largest ocean carrier by operated

vessel capacity

ome 52 years after its foundation and domestic shipping and logistics firm In December of 2021, MSC signed
Sin 1970, Mediterranean Shipping Log-In Logistica in the first quarter of an agreement with the French Bolloré
Company (MSC) overtook Maersk Group 2022. "This will add a further 15,000 TEU Group to acquire Bolloré Africa Logistics
of Denmark as the world’s biggest capacity to the fleet of MSC Group." for €5.7 billion ($6.43 billion).
container line.
As of January 5, 2022, MSC deploys
a fleet of 645 container ships with a
total capacity of 4,284,728 TEUs. The
company holds a global market share
of 17 percent, according to the global
ocean fleet statistics of Alphaliner.
"Since 2020, the Swiss company has
also grown significantly through the
rapid acquisition of 128 second-hand
container vessels: an unprecedented
number in shipping history,"
Alphaliner said.
MSC is expected to close its first
carrier acquisition and buy a 67 percent
majority stake in the Brazilian regional

Maersk restricting access to
FIEO: India needs freight forwarders draw FIATA ire

shipping line of he recent notices to users of International Federation of Freight
global repute Tfreight services of A.P. Moller– Forwarders Associations (FIATA).
Maersk Group and its integrated Such practices are considered
ederation of Indian Export services restricting access in many to amount to market domination
FOrganisations (FIEO) president Dr economies through shifts from and competitive distortions. While
A Sakthivel, during his pre-Budget contracted arrangement to spot supporting free-market competition,
meeting with finance minister Nirmala rates raises serious concerns. FIATA said it does not believe it can
Sitharaman, highlighted key challenges The freight forwarding industry, fully take place in a marketplace
affecting trade and services. as a key organiser of service delivery dominated by select service
The challenge faced by the across all modes of transport in suppliers.
export sector is the rising freight door-to-door operations, is expected "Forwarders have been, are and
cost and dependence on global to be significantly disadvantaged, continue to be one of the biggest
shipping companies. "Since the with shippers and consumers customer groups we have on our
Shipping Corporation of India is being being ultimately worst hit, says ships," Maersk said in a statement.
disinvested, we need to encourage
large Indian entities to build an Indian
shipping line of global repute. Such
shipping lines, even if it gets 25 percent
of the total business, can save $30-$40
billion annually, and will also reduce
our dependence on foreign shipping
lines and their dictates. The tax
advantage availed by shipping lines in
some countries may be considered to
encourage them to register such ships
in India," he said.

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