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  • Writer's pictureRaymond STERN

Cosco, ONE, Yang Ming and Maersk all tipped to order in next great wave of boxship expansion

The stunning amount of boxships ordered so far this year is set to continue with big names such as Cosco, Ocean Network Express (ONE), Yang Ming and Maersk all tipped to be in discussions with Asian yards.




The price of each ship is estimated to be around US$170 million.


Maersk Line has not responded to Container News' request for comment at the time of publication, while a spokesperson for HHI's holding company, Korea Shipbuilding & Offshore Engineering, said it was unable to comment on any unconfirmed transactions.


The purported negotiations come against a backdrop of a newbuilding arms race among liner operators, as container freight rates hit astronomical levels caused by tight shipping capacity and the slow return of empty containers. The global orderbook is now estimated to be just over 18% of the active fleet.


On 1 July, Maersk had confirmed commissioning a methanol-fuelled 2,100TEU ship at HHI's affiliate, Hyundai Mipo Dockyard. To be delivered in mid-2023, this will be deployed by Maersk's Sealand Europe unit, plying the Baltic Sea between Northern Europe and the Bay of Bothnia.


In April, during the Marine Money conference in Singapore, Maersk Group's managing director (Asia Pacific) Rene Piil Pedersen said that the Danish giant will stop acquiring and building vessels that cannot entirely eliminate carbon emissions.


Methanol is considered an eco-friendly ship fuel, as it can reduce sulphur oxides by 99%, nitrogen oxides by 80% percent, and greenhouse gases by 25%, compared to conventional fuels. Unlike LNG, methanol can be stored and transported at room temperature and the cost of building the fuelling infrastructure is cheaper than for LNG.




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