Thursday, July 9, 2015

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Maersk orders nine 14,000-TEU ships from Hundai Heavy

Maersk Line announced it signed a new $1.1 billion building contract this week with Hyundai Heavy Industries. The order is for nine vessels with a capacity of 14,000 TEUs each. The agreement includes an option for up to eight additional ships. The vessels will have a length of 353 meters.

The contract was signed by Sam H. Ka, COO of HHI and Søren Toft, COO of Maersk Line, at a ceremony at Maersk Line’s headquarters in Copenhagen.

This is the third new-building order in Maersk Line’s investment program announced in September 2014. The order follows the seven 3,600 TEU feeder vessels and eleven 19,630 TEU Triple-E vessels announced earlier this year as part of Maersk Line’s $15 billion investment in new-buildings, retrofitting, containers and other equipment. Maersk Line says it hopes to be able to acquire the capacity it needs, replace less efficient tonnage and increase its share of owned vessels.

"I am very pleased about this order for which we

have taken a new approach," said Toft. "The vessels will be designed to operate in and perform efficiently across many trades and not just designed for one specific trade. They will help us stay competitive and make our fleet more flexible and efficient."

Designing vessels with a flexible operational profile is a first for Maersk Line. By moving away from hulls designed with a certain speed and draft in mind, Maersk is strengthening its fleet with vessels that can be deployed on East-West or North-South trades where requirements differ, with no impact on fuel consumption, the statement said.


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