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MSC – M&A-hungry and on the prowl

MSC – M&A-hungry and on the prowl

As Ian Fleming wrote in his 1959 novel Goldfinger: “Once is happenstance. Twice is coincidence. Three times is enemy action.” Apply that to the current M&A-prone landscape for shipping lines and… Now What’s known: Mediterranean Shipping Company (MSC) is – directly or indirectly; more below – readying to pull the trigger, as “urgency is felt to close deals”, including those where 100% ownership must be achieved in various ventures. Kind of… in line ... The post MSC – M&A-hungry and on the prowl appeared first on The Loadstar .

Editorial Desk

MSC schedules more east-west liner services for Suez Canal transit

MSC schedules more east-west liner services for Suez Canal transit

MSC is continuing its restoration of Suez Canal transits for selected east-west services, joining the Gemini Cooperation and Ocean Alliance in a cautious return to the Red Sea route. The move follows last week’s announcement that the world’s largest container shipping line would be sending seven ships through the waterway this month. It said on Monday: “Following a comprehensive review of the latest security and operational conditions in the Red Sea region, ... The post MSC schedules more east-west liner services for Suez Canal transit appeared first on The Loadstar .

Editorial Desk

New return: Another container line is back in the Red Sea

New return: Another container line is back in the Red Sea

While unfounded fears of higher tariffs helped drive what amounted to unexpected demand by anxious shippers this summer, other assorted geopolitical intrigue is keeping the container market on edge. Asia-U.S. West Coast prices increased 1% to $6,826 per forty foot equivalent unit (FEU), according to the latest Baltic Index from SONAR data contributor Freightos. Asia-U.S. East Coast prices were 2% higher, at $9,576 per FEU. Events that could pressure container traffic on the trans-Pacific are being closely watched. The United States is trying to tighten economic sanctions on countries doing bus

Editorial Desk