News / MSC 'returns to its roots' with $260m spend on second-hand vessels

Photo: © Sheila Fitzgerald

Geneva-headquartered shipping line MSC is “going back to its roots” with its recent purchase of 16 second-hand box ships, according to Alphaliner.

It was alluding to the first 25 years of MSC’s existence, when the carrier grew rapidly through second-hand vessel acquisitions before receiving its first newbuildings in 1996.

In the past four months, MSC has splashed over a quarter of a billion dollars on second-hand boxships as it prepares to usurp Maersk to become the world’s biggest container line.

According to Alphaliner, ...