<p data-path-to-node="5" id="p-rc_81596447e7301548-1197" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span data-path-to-node="5,0" style="line-height: 1.15 !important;"><b data-path-to-node="5,0" data-index-in-node="0" style="line-height: 1.15 !important;">GENEVA / THE HAGUE</b> — In an authoritative display of maritime market leadership, Mediterranean Shipping Company (MSC) has widened its structural dominance at the summit of global liner rankings, surpassing a total operated fleet threshold of <b data-path-to-node="5,0" data-index-in-node="241" style="line-height: 1.15 !important;">6.2 million TEUs</b> as new dual-fuel ultra-large container vessels (ULCVs) enter active commercial rotation</span><span data-path-to-node="5,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="5,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"><!----></sources-carousel-inline></p><p data-path-to-node="6" id="p-rc_81596447e7301548-1198" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span data-path-to-node="6,0" style="line-height: 1.15 !important;">Concurrently, updated mid-year global terminal throughput benchmarks published by maritime consultancy Drewry place <b data-path-to-node="6,0" data-index-in-node="116" style="line-height: 1.15 !important;">APM Terminals (APMT)</b> among the world’s fastest-growing marine terminal operating portfolios by equity-adjusted volume, driven by targeted deep-sea terminal capacity investments across South Asia, Northern Europe, and Latin America</span><span data-path-to-node="6,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="6,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c751612964="" _nghost-ng-c3653149479="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="8" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>MSC Fleet Modernization and Standalone Service Agility</b></h3><p data-path-to-node="9" id="p-rc_81596447e7301548-1199" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span data-path-to-node="9,0" style="line-height: 1.15 !important;">MSC's aggressive newbuilding absorption program continues to reshape competitive dynamics across East-West and North-South arterial sea lanes</span><span data-path-to-node="9,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="9,2" style="line-height: 1.15 !important;">:</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"><!----></sources-carousel-inline></p><ul data-path-to-node="10" style="padding-inline-start: 32px; font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="10,0,0" id="p-rc_81596447e7301548-1200" style="line-height: 1.15 !important;"><span data-path-to-node="10,0,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="10,0,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Dual-Fuel Newbuilding Deliveries:</b> The Geneva-based carrier has taken delivery of successive 16,000 to 24,000 TEU LNG-ready and methanol-capable mega-max vessels from East Asian shipyards, modernizing active slot capacity while addressing stringent decarbonization rules</span><span data-path-to-node="10,0,0,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="10,0,0,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="10,1,0" id="p-rc_81596447e7301548-1201" style="line-height: 1.15 !important;"><span data-path-to-node="10,1,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="10,1,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Network Independence &amp; Loop Agility:</b> Following the restructuring of primary liner alliances, MSC has leveraged its massive standalone scale to deploy dedicated service strings, offering shippers high-frequency direct port pairings that minimize dependence on shared vessel loops</span><span data-path-to-node="10,1,0,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="10,1,0,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="10,2,0" id="p-rc_81596447e7301548-1202" style="line-height: 1.15 !important;"><span data-path-to-node="10,2,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="10,2,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Absorbing Extended Sailing Detours:</b> The substantial volume of owned tonnage has allowed MSC to absorb the operational drag of ongoing vessel routing via the Cape of Good Hope, keeping cargo rolling and mitigating slot shortages across Asia–Europe and transatlantic networks</span><span data-path-to-node="10,2,0,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="10,2,0,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"><!----></sources-carousel-inline></p></li></ul><h3 data-path-to-node="12" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>APM Terminals Capital Deployment and Global Rankings Push</b></h3><p data-path-to-node="13" id="p-rc_81596447e7301548-1203" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span data-path-to-node="13,0" style="line-height: 1.15 !important;">As ocean carriers consolidate vessel capacity, terminal operating giant APM Terminals is scaling port handling infrastructure to match larger vessel call sizes and higher container parcel exchanges</span><span data-path-to-node="13,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="13,2" style="line-height: 1.15 !important;">:</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c751612964="" _nghost-ng-c3653149479="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><ul data-path-to-node="14" style="padding-inline-start: 32px; font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><li style="line-height: 1.15 !important;"><p data-path-to-node="14,0,0" id="p-rc_81596447e7301548-1204" style="line-height: 1.15 !important;"><span data-path-to-node="14,0,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="14,0,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Electrified Ship-to-Shore (STS) Cranes:</b> Deploying mega-reach electric STS cranes and automated yard systems across key hub facilities—such as Port of Salalah, Rotterdam Maasvlakte II, and Pipavav—enables simultaneous handling of twin 24,000 TEU vessels with minimized crane idle time</span><span data-path-to-node="14,0,0,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="14,0,0,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c751612964="" _nghost-ng-c3653149479="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="14,1,0" id="p-rc_81596447e7301548-1205" style="line-height: 1.15 !important;"><span data-path-to-node="14,1,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="14,1,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Terminal Stacking Density Optimization:</b> Leveraging AI-assisted predictive yard slotting software to pre-stage import and export stacks, compressing landside drayage dwell times and avoiding quayside bottlenecking during dense peak-season vessel clusters</span><span data-path-to-node="14,1,0,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="14,1,0,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c751612964="" _nghost-ng-c3653149479="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li><li style="line-height: 1.15 !important;"><p data-path-to-node="14,2,0" id="p-rc_81596447e7301548-1206" style="line-height: 1.15 !important;"><span data-path-to-node="14,2,0,0" style="line-height: 1.15 !important;"><b data-path-to-node="14,2,0,0" data-index-in-node="0" style="line-height: 1.15 !important;">Strategic Hub Expansions:</b> Broadening equity investments in key feeder and transshipment hubs throughout South Asia and the Atlantic basin ensures reliable berthing productivity for primary global consortia</span><span data-path-to-node="14,2,0,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="14,2,0,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c751612964="" _nghost-ng-c3653149479="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p></li></ul><h3 data-path-to-node="16" style="font-family: &quot;Google Sans&quot;, sans-serif !important; line-height: 1.15 !important;"><b>Macro-Logistics Outlook and Fleet Economics</b></h3><p data-path-to-node="17" id="p-rc_81596447e7301548-1207" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span data-path-to-node="17,0" style="line-height: 1.15 !important;">The synchronization between mega-carrier fleet growth and advanced automated terminal infrastructure acts as a critical stabilizer for international merchandise trade</span><span data-path-to-node="17,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="17,2" style="line-height: 1.15 !important;">.</span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c751612964="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c751612964="" _nghost-ng-c3653149479="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="18" id="p-rc_81596447e7301548-1208" style="font-family: &quot;Google Sans Text&quot;, sans-serif !important; line-height: 1.15 !important;"><span data-path-to-node="18,0" style="line-height: 1.15 !important;">While the global container orderbook expansion introduces long-term capacity management challenges, disciplined slot allocation by top-tier carriers combined with high-velocity automated terminal operations ensures global supply chains maintain predictable door-to-door transit schedules heading into the fourth quarter</span><span data-path-to-node="18,1" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><source-footnote _nghost-ng-c1742526798="" class="ng-star-inserted" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c1742526798="" class="superscript" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----><!----></span><span data-path-to-node="18,2" style="line-height: 1.15 !important;">.</span></p>