Mediterranean Shipping Company S.A. (MSC) claims to be the world's second-largest shipping line in terms of container vessel capacity. Yet, because it has no stocks exchanged on the market, it has no obligations to issue its budget certified by independent parties, which therefore it does not; as a consequence the data MSC releases about itself are not verifiable. Specifically, as of May 2013, MSC claims to operate 474 vessels and to have a capacity of 2,326,849 twenty-foot equivalent units (TEU). The Geneva-based Italian company operates in all major ports of the world. MSC's most important port is Antwerp in Belgium. MSC Cruises is a division of the company focused on vacational cruises. MSC serves 270 ports worldwide on the six continents. 350 local offices, employing a total of 29,000 people, provide an agency network representation. Vessels with the capacity of up to 13,800 TEU, including one of the largest container ships, MSC Emanuela and her sistership MSC Beatrice. The company remains independent and wholly owned by its president Aponte and his family. The growth of MSC is fully organic, and not through Mergers and Acquisition. The line was named shipping line of the year in 2007 for the sixth time in eleven years by Lloyds Loading List, which is an achievement not matched by any other shipping line. The line has just also placed orders for eleven new vessels that will be able to carry up to 15,000 TEUs each, which are some of the largest container vessels in the world. MSC India's new headquarters building "MSC House" was inaugurated by Diego
Aponte in 2008. Cyprus being the hub of container shipping market, MSC Cyprus new headquarters was inaugurated on 8 April 2009 by Mr. Diego Aponte. Interlink Transport Technologies Inc. in Warren, New Jersey is a subdivision serving some of the company's IT needs. In May 2014, MSC cruises closed a deal to order two new vessels from the Italian shipbuilding company Fincantieri in a 2.1 billion euro order. In August 2014, MSC ordered a new cruiseship worth up to EUR 3bn ($4.13bn) from STX France. The Saint-Nazaire yard will build two firm ships for EUR 1.5bn.The first ship is due in the first half of 2017, with the second in the first half of 2019. The contracts will provide 16m working hours for the French shipbuilder. The order has been on the cards since February, with a vessel size of around 160,000 gt cited. Passenger capacity will be about 4,000 people. 
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