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MSC to Challenge Maersk Line as Top Carrier

Mediterranean Shipping Co. will challenge Maersk Line as the world’s biggest ocean carrier over the coming four years, as it boasts the biggest order book for new vessels, according to industry analyst Alphaliner.

With new orders totaling 572,000 20-foot-equivalent units since 2009, Swiss-based MSC will narrow the gap with Maersk Line from 250,000 TEUs to less than 100,000 TEUs within four years. Alphaliner expects the current top 5 carriers – Maersk, MSC, CMA CGM, Evergreen and Cosco – to maintain their rankings through September 2016.

Recent orders by Yang Ming Line and United Arab Shipping Company for new tonnage of 14,000 TEUs to 18,000 TEUs will propel them up the rankings, with the Taiwanese carrier set to jump from 14th to 10th and the Kuwait-based line set to jump from 19th to 14th – assuming none of their new ships are chartered out. Germany’sHapag-Lloyd is set to drop from the sixth position to the eighth, while APL is forecast to rise to sixth from eighth at present. Israeli carrier Zim is seen dropping to 20th from 17th. Alphaliner’s projections are based on carriers’ current fleet and order book and assume the return of ships that are currently chartered out.

While there will be shifts in carrier rankings, there are no signs of consolidation through mergers or any of the top 20 lines exiting the industry in the near future, Alphaliner noted. There was speculation that the decision by MISC Berhad to quit container shipping in 2012, following mounting losses and rising investment costs in ever larger vessels, would herald a wave of consolidation as smaller lines merged or followed the Malaysian carrier out of the business.

“However, if the recent spate of new container ship ordering by several top 20 carriers is any indication of the carriers’ intentions to ensure their long-term survival in the sector, then consolidation remains a distant hope,” Alphaliner said.

Eighteen of the top 20 carriers have placed orders for new container tonnage, totaling 344 vessels with an aggregate capacity of 3.4 million TEUs since 2009, valued at $34.1 billion. Only two of the top 20, Zim and Japan’s NYK Line, have not contracted for new ships in the past four years.

via: www.joc.com

Qatar, August 15, 2023QTerminals Group (51% Qatar Ports Management Company Q.C.S.C (Mwani Qatar) and 49% Qatar Navigation Q.P.S.C (Milaha)) has acquired a majority stake in “Kramer Holding B.V.”, a provider of integrated logistics and container services located in the Port of Rotterdam in the Netherlands.

The acquisition of Kramer Group represents an important milestone in the expansion of QTerminals, as the Port of Rotterdam is the largest port in Europe and is a significant addition to QTerminals Group’s record of success in diversifying its operations. In addition, this acquisition further reinforces QTerminals Group’s commitment to contribute towards Qatar National Vision 2030 which aims for the diversification of the national economy and foreign investments.

The CEO of QTerminals, Mr. Neville Bissett, stated: “Kramer Group is an important strategic step for QTerminals as we will expand our presence into Europe’s largest port. Kramer Group complements QTerminals and adds existing business, a robust value-creating service offering and European network to QTerminals portfolio.
Kramer Group has both core and strategic importance to the Port of Rotterdam, as it supplements the Port’s activities whilst having direct access to the deep-sea terminals of the Port of Rotterdam.
The acquisition of the Kramer Group by QTerminals allows its entry and presence in the largest port in Europe which makes QTerminals Group’s position stronger in relation to future opportunities in Europe and other developed global markets.
The presence of QTerminals in the Port of Rotterdam is strategic and reputable for QTerminals Group in particular and for the State of Qatar in general as QTerminals Group’s profile will become known in the largest European port..

“I’m very excited about this significant milestone in the journey of our family business which started 60 years ago by my father. Today, we mark the beginning of a new chapter joining forces with QTerminals. I believe that their expertise, resources, and industry insights will enable us to expand our horizons and explore untapped opportunities. Whilst maintaining our culture, organization, core team and our commitment to delivering the superior quality services to our clients in almost all aspects of container logistics”, said André Kramer, CEO of the Kramer Group.
By acquiring Kramer Group, QTerminals will continue to develop its world leading technical and operational know-how to enhance and optimize its potential as one of the leading providers of integrated container logistics services in Europe.

Kramer Group’s development and growth in recent years are indicators of good corporate management and governance of the organization. “Following our assessment of the current organization, we are excited to retain and welcome Kramer’s key management personnel and employees into QTerminals, including Mr André Kramer, who will continue as Chief Executive Officer” said Neville Bissett.

About Kramer Group

The Kramer Group is an integrated container handling and storage, terminal, container development and logistics services provider, located in the Port of Rotterdam, and is the only independent terminal in the Maasvlakte area, and one of the few multi-user depot terminals in the port.

The Company operates in six different locations with network access to the principal terminals, of which five are at the Maasvlakte and one at the Eem-/Waalhaven, and has tri-modal transport options via rail, water and road.