Displaying items by tag: New LoLo Giant
New Container Giant: MSC to Overtake Maersk as Top Box-Line After Brazilian Acquisition
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.
