High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Singapore-based Hanjin Heavy Industries confirmed newbuild orders Monday for three ultra-large container ships from CMA CGM.
Plans for the 20,600 TEU ships were first revealed by CMA CGM last month, but the details of the order had not yet been finalized.
Hanjin says the ships will be built at the group’s Subic Shipyard in the Philippines. Delivery is scheduled for the second half of 2017 and the vessel’s will be deployed on its main Asia-North Europe route. They will measure 400 meters long by 59 meters wide.
The order makes Hanjin Heavy Industries one of three shipbuilders building containerships above the 20,000 TEU mark. The others are South Korea’s Samsung Heavy Industries, which is building a total of ten ships for Mitsui O.S.K. Lines and OOCL, and Japan’s Imabari Shipyard, which is building two additional ship’s for MOL. Imabari says it has also received orders for 11 additional vessels above 20,000 TEU from an unidentified European shipowner.
So to recap the 20,000 TEU players as of today…
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