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EXPD: QUOTE OF THE WEEKVW: MASSIVE JOB CUTSFDXF: FIRST TRADING UPDATE EXPD: MORE BULLISH THAN BEARISHFWRD: HUNTING FOR VALUEFDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMS
EXPD: QUOTE OF THE WEEKVW: MASSIVE JOB CUTSFDXF: FIRST TRADING UPDATE EXPD: MORE BULLISH THAN BEARISHFWRD: HUNTING FOR VALUEFDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMS
The world’s second largest container shipping line, MSC, has announced plans to enter the scheduled deepsea roll-on roll-off (ro-ro) sector.
The Geneva-headquartered carrier will launch a fortnightly ro-ro service between North Europe and West Africa on 19 February, with a port rotation of Le Havre-Antwerp-Dakar-Conakry-Abidjan-Le Havre.
The service will deploy two vessels, the MSC Immacolata and MSC Cristiana, two pure car- and truck-carrier (PCTC) sister ships built by STX in Dalian and delivered in 2012 and 2011 respectively, each with a capacity of 6,700 ceu [car equivalent units] and owned by Greek shipowner Nikki Shipping.
MSC said: “In addition to rolling or wheeled cargo, this new service will have the flexibility to cover a range of out-of-gauge and breakbulk cargo, which will be typically large, heavy pieces or critical equipment for specific projects.”
The service will pitch MSC into direct competition with Italian ro-ro carrier Grimaldi, which runs four services between the two regions – Northern Express, Central Express, Southern Express and Eurocargo Express – with direct calls at 20 ports in West Africa.
Grimaldi operates 22 multipurpose ro-ro vessels on the trade, each able to accommodate about 2,500 lane metres of rolling cargo, up to 2,500 cars and 850 containers on their weather deck.
The line has sited its regional transhipment hub at Senegalese hub of Dakar, where it connects its services out of both North Europe and the Mediterranean into West Africa with its transatlantic services to South and North America.
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