Mediterranean Shipping Company (MSC) has moved into the tanker segment through a stake in South Korea’s Sinokor Merchant Marine, according to regulatory filings and multiple industry reports.
The development, which had circulated in market speculation for several months, has been confirmed through competition authority notifications in Greece and Cyprus.
The filings indicate that MSC, via its subsidiary SAS Shipping Agencies Services, will acquire a 50 per cent stake in Sinokor, establishing joint control alongside the company’s existing ownership.
Sinokor is an established operator in both dry bulk and tanker markets, with a growing presence in very large crude carriers (VLCC).
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MSC has steadily broadened its footprint across the maritime and logistics chain in recent years, including terminals, air cargo, and inland logistics. Entry into tanker shipping would represent a further diversification of its portfolio.
No formal public announcement has been issued by either MSC or Sinokor regarding the transaction. As a result, details around strategic intent, operational integration, or timelines remain limited to what has been disclosed in regulatory documentation.
Industry coverage suggests the deal is still subject to approval.
The development also comes as MSC adapts its operations to ongoing disruption in the Middle East, having recently outlined alternative inland routing options to maintain cargo flows into Gulf markets.
For more information:
Mediterranean Shipping Company – https://www.msc.com/
