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Gianluigi Aponte is the founder, chairman, and MSC Cruises owner, while his family member all have key roles in the business. Publicly-traded shares also provide an avenue for diversification and liquidity. Investors have the flexibility to buy or sell their shares on the stock exchange, allowing for liquidity and the ability to adjust their investment portfolio as desired. The company operates a global transportation and logistics network comprising over 260 routes to 155 countries. The first ship fully custom built for MSC Cruises was the MSC Lirica, which was delivered in 2003. Under MSC's initial name, the first ship that was acquired was the Monterey, purchased in 1988, announcing MSC's entry into the cruise business.
Why I left Royal Caribbean for MSC Cruises
In 1989, MSC purchased Lauro Lines and was renamed StarLauro Cruises with the two ships, Achille Lauro and Monterey. The cargo division of the Mediterranean Shipping Company began in 1970 when Gianluigi borrowed money to buy his first ship, the Patricia, then the Rafaela, and founded the company. Gianluigi started the first route between the Mediterranean and Somalia. Gianluigi and Rafaela Aponte have a net worth of $13.2 billion, making them one of the wealthiest couples in the shipping industry. This blog helps over a million people to plan their cruises each month.
- Start of the passenger cruise business
MSC Group is owned by the Italian billionaire Gianluigi Aponte and his family. Gianluigi is the founder, owner, and chairman of MSC group, while his wife Rafaela, son Diego, and daughter Alexa all have prominent roles in the business. It entered the cruise business with MS Achille Lauro and MS Angelina Lauro.
Cargo Business
With over 500 destinations across the globe, MSC provides its customers with unique experiences and a great value for their money. Its commitment to customer service excellence makes it an attractive option for travelers looking for a memorable cruising experience. Gianluigi Aponte, the founder of MSC Cruise Line, has played a pivotal role in the company’s success and growth. His vision and leadership have shaped MSC into one of the world’s leading cruise lines. With his extensive knowledge and experience in the shipping industry, Aponte continues to guide the company to new heights. Furthermore, privately-owned shares provide the family with the flexibility to make strategic decisions that align with their vision for the future of MSC Cruise Line.
History of MSC Cruises
MSC Cruises is an Italian cruise line and was founded in Naples, Italy. The cruise line caters to many different nationalities with many languages being spoken on board. Announcements are often made in English, Italian, French, Spanish and German.
Onboard amenities include upscale dining options, spacious accommodations and entertainment tailored to all ages. Guests can also enjoy onboard activities such as swimming pools, fitness centers and interactive shows while they explore ports of call in Europe, Asia and the Caribbean. Currently the fourth-largest cruise company worldwide, it is expected to pass Norwegian Cruise Line in terms of capacity by 2026, according to Cruise Industry News.
After Maersk, MSC Group is the world’s second-largest shipping firm. They have about 150,000 employees worldwide and operate over 730 cargo ships. A hundred-year lease on the island known as Ocean Cay MSC Marine Reserve began in 2019. That year, they announced the launch of ZOE, the first virtual cruise assistant, and launched for business. Harman International is the company that created this artificial intelligence device, which is present on the MSC Grandiosa and MSC Bellissima.
They have 19 cruise ships in their fleet and employ about 30,000 people. These statistics make this company one of the most rapidly growing global cruise brands. In addition to the Aponte family’s ownership, a portion of MSC Cruise Line’s shares are publicly traded on the stock exchange. This allows outside investors to have a stake in the company and participate in its growth and profitability.
Who Owns MSC Cruises – Behind the Global Cruise Line - Cruise Hive
Who Owns MSC Cruises – Behind the Global Cruise Line.
Posted: Tue, 13 Dec 2022 08:00:00 GMT [source]
In summary, the governance structure of MSC Cruise Line centers around the Aponte family’s ownership and active involvement in decision-making. By leveraging their industry expertise and commitment to excellence, the company is able to maintain a strong strategic direction and uphold its reputation as a leading global cruise line. In summary, while the specific ownership breakdown of MSC Cruise Line is not publicly disclosed, the Aponte family is the major shareholder and primary decision-maker for the company. Their continued ownership and leadership have propelled MSC Cruise Line to its position as a leading player in the global cruise industry. It is important to note that the exact breakdown of privately-owned shares is not publicly disclosed, as the Aponte family prefers to keep certain ownership details private.
We provide expert advice, insightful reviews, and comprehensive guides to help seasoned and novice cruisers create their ideal sea journeys. Whether you desire adventure, luxury, or exploration, High Seas Cruising is your compass to unforgettable cruise vacations. That same year, Vago stepped aside as CEO to become Executive Chairman and Gianni Onorato -- previously CEO at rival Costa Cruises took over as CEO. In 2003 Pierfrancesco Vago joined the cruise line as CEO and there started a massive 5.5 billion euro investment program that set MSC Cruises on its current growth path. For the first time, the line commissioned its own series of new-builds.
MSC Yacht Club is the pinnacle of MSC Cruises’ series of luxurious cruise ships, which are meant to entice affluent travelers. There is a café, sun lounges, a VIP lounge, and a pool at the MSC Yacht Club. They also have a butler on duty around the clock and a personal concierge. MSC Cruises offers opulent cabins that complement an elegant and tranquil onboard experience.
The days and nights on the ships are filled with excitement and non-stop action. Due to the many nationalities (and many languages) represented onboard, the ships usually do not have enrichment lecturers and focus more on family and adult entertainment and activities. They have recently signed a deal spanning several years with Formula 1 as an official cruise partner. They are in the middle of a significant expansion, building four mega-ships designed to weigh 200,000 tonnes.
However, the overall ownership structure of MSC Cruise Line is primarily driven by the Aponte family’s significant ownership stake. This structure ensures that decisions are made with the long-term success and sustainability of the company in mind. Though specific ownership details are not publicly disclosed, it is widely known that the Aponte family remains the majority shareholder and main driving force behind MSC Cruise Line. Led by Gianluigi Aponte, the family’s ownership ensures significant control over the company’s decision-making and strategic direction. Publicly-traded shares provide several benefits to both the company and investors. For MSC Cruise Line, going public allows access to capital from the public markets.
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