MOSCOW (Dow Jones)–Danish shipping giant A.P. Moller-Maersk A/S (MAERSK-B.KO) is likely to exercise an option to order ten large container ships from Daewoo Shipbuilding & Marine Engineering Co. Ltd. (042660.SE), the company’s Chief Executive Nils S. Andersen said.
“It is likely that we will exercise the option,” S. Andersen told Dow Jones Newswires in an interview.
In March, A.P. Moller-Maersk placed an $1.8 billion order for ten giant ships, which at 18,000-twenty-foot equivalent units are currently the largest container ships in the world, to be delivered by 2014.
An option to buy another ten ships expires in June, S. Andersen said.
-By Jacob Gronholt-Pedersen, Dow Jones Newswires
Join the 67,612 members that receive our newsletter.
Have a news tip? Let us know.
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....
SMAILIA, Egypt March 31 (Reuters) – Divers inspected the hull of the Ever Given on Wednesday as the man tasked with investigating how the giant container ship ran aground, choking...
Brendan Murray (Bloomberg) – Now removed from the Suez Canal’s main channel, the Ever Given leaves in its wake several weeks or months of disruptions across a world economy where...
