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Maersk Line Considers Purchase of Ten 20,000 TEU Cargo Ships

February 1, 2015 12:05 am Published by

According to reports, Maersk Line is in negotiations with Asian shipbuilders to discuss the purchase of up to 10 container mega-ships of 20,000 TEU each, and total worth of approximately $1.5 billion.

The new ships will replace smaller ones which will be cascaded to less-busy routes and put the pressure on smaller operators that can’t match the 2M’s capacity, port calls and fuel efficiency.- Container Shipping Analyst at Braemar ACM Shipbroking (London, UK)

Maersk Line ordered 20 similar vessels in 2011 at a cost of approximately $185 million per vessel. At that time, competitors doubted whether the company would be able to fill such enormous ships, but nowadays are rushing to invest in their own Triple-E container ships; to compete with the industry's leaders.

According to Maersk Line's CEO, demand for shipping will grow 4 percent to 5 percent over the next few years, and ultra-large container vessels – like the Triple-E class which can carry in excess of 18,000 containers, will (provided the ships sail fully loaded) save the company an estimated 25 percent in operational costs from Asia to Europe; when compared to the performance of smaller vessels in Maersk’s fleet.

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