Ultra large box ships and the distorted shipping cycle
Received wisdom – are the wheels coming off?
Since August 2020, MSC’s brokers have completed the acquisition of nearly 250 second-hand containerships to usurp 2M partner Maersk as the biggest ocean carrier in capacity terms, suggesting the alliance deal may not be renewed when it expires in April 2024.
According to Alphaliner data, the Geneva-headquartered carrier currently operates 709 vessels, for a capacity of 4.6m teu, compared with Maersk’s 711 ships and 4.3m teu.
However, MSC has a massive orderbook, of 1.75m teu (equivalent to the fleet of fifth-ranked carrier ...
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