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Home Shipping Trends

Mediterranean Shipping Company (MSC) continues to increase its market share in 2024

Editor by Editor
9 months ago
Reading Time: 1 min read
Mediterranean-Shipping-Company
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With the addition of around 400,000 teu to its fleet so far this year, the Geneva-based carrier’s share of the operated fleet rose to 19.8% at the end of July, marking the highest ever figure recorded by a carrier.

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Only Maersk has come close to dominating the market in the same way. The latter reached a peak market share of 19.4% in 2018, but has seen its market participation decline in each of the five consecutive years since then.

In addition to MSC, three carriers increased their market share compared to a year ago: Israel’s ZIM brought its participation to 2.4%; Japan’s Ocean Network Express increased its market share from 5.9% to 6.4% year-on-year; Hapag-Lloyd saw a rise from 6.8% to 7.2%.

Source: Alphaliner


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