MSC Becomes World’s Largest Shipping Line By Surpassing Maersk
anish shipping giant Maersk floated atop maritime movers in container capacity for decades. But today, it is has been surpassed by MSC, as the world’s largest shipping line.
While Maersk ceded pole position to Geneva-based Mediterranean Shipping, the two share a tight bond — even though in 2020 Mediterranean poached Soren Toft, its CEO, from Maersk. The two companies are in a vessel-sharing collaboration. They also share an intuitive blockchain-based platform that generates shipping information.
Even though Maersk is no more the largest freight hauler, it witnessed the most profitable quarter toward December end. It was all prepared to make a record for the maximum full-year profit reported by any Danish enterprise ever before — matching cumulative profits over nine years at over $16 billion.
