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Friday, May 3, 2013 Top StoryChina Shipping orders five 18,000-TEU ULCVs
After Maersk, China Shipping Container Lines will become the second container line to operate these mega-sized vessels, which will be the largest container ships in the world. Maersk's first 18,000-TEU Triple-E class ship is scheduled for delivery in late June. Shipbuilding giant Hyundai Heavy Industries will build the ships, which will be deployed on the Asia-Europe route. Each ship will cost in "the region of $130 million to $140 million," depending on specifications, said Martin Rowe, the managing director of Clarksons Asia in Hong Kong. In partnership with Mitsui OSK, China Shipping has also verified a $1.51 billion order with Hudong-Zhonghua Shipbuilding in Shanghai for six liquefied natural gas carriers. For more of the China Shipping story: scmp.com Descartes acquires KSD Software BP to pay $600M for Gulf restoration projects Konecranes partners with Kion Group to supply container lift trucks Final pieces lifted to top One World Trade Center
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China Shipping is poised to spend $2.2 billion on five 18,000-TEU Ultra Large Container Vessels and a fleet of gas carriers.
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