Displaying items by tag: New LoLo Giant

23rd December 2021

New Container Giant: MSC to Overtake Maersk as Top Box-Line After Brazilian Acquisition

New Container Giant: MSC’s acquisition of a Brazilain operator, Log-In – Logistica Intermodal S.A., will add up to 15,000 TEU of capacity, edging MSC just above Maersk in the ranking table, according to a maritime analyst. Above: MSC Edith (1,658 TEU) arriving in Dublin Bay in recent years. AFLOAT adds, yesterday, a larger fleetmate MSC Joy (1,933 TEU) from Antwerp, Belgium, was observed arriving initially to Dublin Bay before the large Lo-Lo ship by Dublin Port standards, entered to berth at the DFT Terminal, a container division of Irish Continental Group.

LloydsLoadingList reports that the board of Brazilian regional container line Log-In – Logistica Intermodal S.A., has approved the acquisition of a 67% stake in the company by Mediterranean Shipping Company (MSC) in a bid valuing Log-In at just over $500m.

Log-In has seven boxships in service with another two on order.

Maritime analyst Lars Jensen, CEO of Vespucci Maritime, said: “MSC is now the world’s largest container carrier. With the board approval to buy Log-In, this will add some 15,000 TEU of additional capacity to the fleet controlled by MSC, placing them ahead of Maersk.”

He cites Alphaliner’s top 100 ranking table which shows:

Maersk with 4,264,054 TEU

MSC with 4,256,172 TEU

Log-In with 15,462 TEU.

So adding 15,462 TEU to MSC gives it a total of 4,271, 634 TEU, making it top of the table, he said.

More here on MSC's buying spree, noting the global container operator Afloat adds has an Irish office located in Sandyford, Co. Dublin.

Published in Ports & Shipping

Tagged under