![Vertical Integration for Selected Major Container Shipping Lines | Port Economics, Management and Policy](https://i0.wp.com/porteconomicsmanagement.org/wp-content/uploads/vertical_integration_carriers.png?resize=900%2C294&ssl=1)
(*) Fully owned by MSC till 2013, stake brought to 60% in May 2019. Other shareholders are Global Infrastructure Partners (GIP) and GIC Private Limited, a Singaporean Sovereign Wealth Fund; (**) Terminals controlled by CMA Terminals were transferred to Terminal Link in late 2019.