MSC Announces New Bunker Surcharge to Help Cover $2 Billion Per Year Low Sulphur Fuel Costs

Mediterranean Shipping Company (MSC) has joined its rivals Maersk Line and CMA CGM in announcing a new bunker fuel surcharge to be imposed on its customers to help recover additional costs associated with the 2020 global sulphur cap. Starting January 1, 2020, new International Maritime Organization rules will require ships to use bunker fuel with a maximum sulphur content of … [Read more...]

Kenya to Revive National Shipping Line in Partnership With MSC

By Helen Nyambura (Bloomberg) -- Kenya plans to revive a state-owned shipping line with the help of the Mediterranean Shipping Co., President Uhuru Kenyatta said. The Kenya National Shipping Line, which was established in 1987 and stagnated after years of mismanagement, is “expected to once again become an active participant in international seaborne trade, which accounts … [Read more...]

Maersk Line, MSC and ZIM Enter Strategic Cooperation on the Asia – U.S. East Coast Trade

Israeli container shipping company ZIM has reached a deal with 2M alliance members Maersk Line and Mediterranean Shipping Company on a new strategic cooperation on the Asia – US East Coast trade. Starting in early September 2018, the companies will operate five loops between Asia and the U.S. East Coast. ZIM will operate one loop and 2M will operate four loops, and the … [Read more...]

World’s No. 2 Shipping Line MSC Stops New Bookings for Iran

LONDON, May 16 (Reuters) - The world's No. 2 container shipping line MSC said on Wednesday it would stop taking new bookings for Iran due to the decision by the United States to re-impose sanctions on Tehran after withdrawing from the international nuclear deal. In a note to clients, privately held MSC said it was "ceasing to provide access to services to and from Iran," … [Read more...]