While other shipping companies remain cautious amid market volatility, Mediterranean Shipping Company (MSC) has once again demonstrated its formidable financial power through an aggressive acquisition strategy. A flurry of mega-orders appears to signal MSC's ambition to define the future of global shipping.
In its latest expansion move, MSC confirmed orders for 10 additional ultra-large container vessels , further cementing its position as the world's largest shipping company. The company's total order book capacity now surpasses the entire existing fleet of Ocean Network Express (ONE), the world's sixth-largest carrier—a testament to MSC's strategic vision and market confidence.
Breaking Down the Mega-Deals
The new orders include two 22,000-TEU LNG dual-fuel mega-ships from Dalian Hengli Heavy Industry, scheduled for delivery in 2029. Simultaneously, MSC finalized contracts with Zhoushan Changhong International Shipbuilding for two 21,700-TEU LNG-powered vessels , also expected in 2029.
Most notably, MSC entered an agreement with China Merchants Heavy Industry (Jiangsu) for three 21,000-TEU LNG-powered ships , with options for three additional vessels. The first trio is slated for 2028 delivery, and industry observers note MSC's historical pattern suggests high likelihood of exercising the additional options.
The Price of Leadership
While exact figures remain undisclosed, industry analysts estimate each LNG-powered vessel could cost approximately $200 million , representing a massive capital commitment that underscores MSC's confidence in long-term market growth and its proactive approach to environmental regulations.
These latest acquisitions expand MSC's already unprecedented newbuild program to approximately 130 vessels with a combined capacity nearing 2.2 million TEU . As MSC's operational fleet approaches the 7 million TEU threshold, the company stands poised to achieve yet another industry milestone.
The LNG Strategy
The orders reaffirm MSC's strategic bet on LNG as a transitional fuel during the industry's decarbonization journey. LNG-powered vessels not only meet current emission standards but provide flexibility for future adaptation of cleaner energy solutions, demonstrating MSC's long-term sustainability planning.
With these vessels gradually entering service over the coming years, MSC appears positioned to exert even greater influence over global shipping routes and trade patterns. The expansion playbook of this maritime titan shows no signs of slowing down.