Box ship building in China hits new heights with 68.5% of global orders
China has become the undisputed front-runner in containership building, with an orderbook, extending to 2030, ...
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By Mike Wackett
Recently demoted to the fifth largest container line in the world by the merger of CSAV’s container business into the ‘new’ Hapag-Lloyd, Taiwan’s Evergreen Line yesterday fired a warning shot across the bows of its rivals by confirming its charter of eleven 18,000 teu ships.
In December, Evergreen first announced its intention to join the 18,000 teu ultra-large containership (ULCV) club with plans to charter six of the behemoths “in order to optimise its competitiveness”.
At the time no further detail was ...
Comment on this article
Ricky Forman
January 29, 2015 at 2:34 pmWe are already hearing from the market that any surge in demand prior to Chinese New Year is being absorbed by the additional capacity entering the trade lane. This outcome comes as no surprise to carriers but yet many of them are trying to squeeze PSS’s in an attempt to half rate errosion. How depressing it must be to know that the market is essentially broken and beyond repair.