News / MSC builds on record market share with two 14,000 teu box ships from BAL

Photo: VesselFinder

MSC has bought BAL Container Line’s two 14,000 teu vessels being built at Jiangnan Shipyard, as the Swiss-Italian mainline operator continues to consolidate its record market leadership (by capacity) position.

Shanghai-based BAL, which operates a South-east Asia-Japan service, ordered the ships when it ventured into long-haul lanes during the pandemic-induced boom in 2022.

However, BAL’s intermediate holding company, LC Logistics, said in a Hong Kong Stock Exchange filing on Wednesday, the group had decided to realise ...