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CrewingBizUa :: MSC plans to sell 49% of terminal business

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			May 01, 2011


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MSC plans to sell 49% of terminal business

Posted by: Admin on Jan 24, 2011 - 11:20 AM

The world's third biggest shipping line, Mediterranean Shipping Company (MSC), is willing to sell 49 percent of its port operations, valued at up to US$2 billion.
MSC is seeking an external investor but intends to keep its majority ownership in the segment as it will shore up the company's container business, Lloyd's List reported.
The Swiss player geared up for the divestment in 2009 but the market was struck by recession at that time and the company could not undertake any serious actions.

MSC is the world's sixth largest container port operator and has a market share of 1.7 percent, according to UK shipping advisor Drewry.

In accordance with PortNews information

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