Maersk Line defers delivery of new containerships to prop up cashflow

10/02/2017

Maersk Line is to postpone delivery of nine newbuild 14,000 teu ‘utility’ ships with the last vessel to be received at the end of 2018, instead of at the end of this year.

At parent group APMM’s 2016 results presentation on Wednesday, CFO Jakob Stausholm said: “We have managed to delay delivery at no cost, and operationally it actually fits us quite okay.”

Maersk Line says it does not need the ships as it is able to charter vessels of this size easily and cheaply ...