Tuesday, June 2, 2015

Another Mega Container Ship Order as Construction of Latest Triple-E Vessels Confirmed

Maersk Line Continues to Pursue Larger Box Carrier Policy
Shipping News Feature

DENMARK – KOREA – The world’s largest container shipping line in terms of capacity Maersk Line, has signed a new building contract with Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for 11, plus 6 optional, second generation Triple-E container vessels with a capacity of 19,630 TEU each. Worth around a total of $1.8 billion, the vessels will have a length of approximately 400 metres, width of 58.6 metres, and a 16.5 metre draft.

This is the second new-building order in Maersk Line’s investment programme, following the seven 3,600 TEU feeder vessels announced earlier this year. As reported here previously over the coming five years, Maersk Line is planning to invest $15 billion in new-buildings, retrofitting, containers and other equipment, which the company hopes will maintain the necessary capacity in order for it to cope with anticipated global demand as well as replace less efficient tonnage. Søren Toft, Chief Operating Officer (COO) in Maersk Line, said:

“I am very happy with this order. These vessels will help us stay competitive in the Asia – Europe trade and will be key in our strategy to grow with the market. It is the second order this year and we expect to order more vessels, which we can add to our fleet from 2017 and onwards. I am very confident placing this order with DSME, the company has a very good track record. Together we can leverage our Triple-E experiences to further improve performance, not least energy efficiency.”

The new vessels will replace smaller, less efficient vessels and become the largest in Maersk Line’s fleet. The 11 new ships will join the company’s fleet between April 2017 and May 2018, sailing under Danish flag. They are all intended for the Asia-Europe service.

Maersk Line has a long relationship with DSME with the shipyard most recently building the 20 Triple-E vessels, the last of which will be delivered in June 2015. The two firms are working on amplifying the key features of the current Triple-E ships in the new vessels; efficiency, economy of scale and environmentally improved.

As of June 2, 2015, Maersk Lines order book corresponds to 0.4 million TEU or approximately 13% of its current fleet. Currently on order are: two Triple-E (total 37,000 TEU) for delivery in 2015, seven Baltic Feeder vessels (total 25,000 TEU) for delivery in 2017, eleven 19,000 TEU vessels (total 221,000 TEU) for delivery in 2017-18, and eleven 9.5-10,000 TEU chartered vessels (total 108,000 TEU) 2015-16.