MSC Just Bought Half of Sinokor. The World's Biggest Container Line Now Controls a Quarter of the Compliant VLCC Fleet.

The Aponte family's tanker play is no longer speculation. Regulatory filings confirm MSC is behind Sinokor's $2.5 billion VLCC buying spree — and the crude market will never look the same.

The Story

Months of market speculation ended this morning. Regulatory filings published by the Greek and Cypriot Competition Commissions confirm that Mediterranean Shipping Company — the world’s largest container line, controlled by the secretive Italian billionaire Gianluigi Aponte — is acquiring a 50% stake in South Korean shipowner Sinokor Maritime. T…