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Maersk Line Orders New Vessels

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Maersk Line Orders New Vessels

Maersk Line signed a US$1.1 billion contract with Hyundai Heavy Industries in South Korea for nine vessels with an option for eight more.

Each will be built with capacity of 14,000 TEUs each, Maersk Line said in a statement. The vessels will have a length of 353 meters.

This is the third newbuilding order in Maersk Line’s investment program announced in September 2014 designed to expand capacity, replace less efficient tonnage and increase its share of owned vessels. The order follows the seven 3,600 TEU feeder vessels and eleven 19,630 TEU Triple-E vessels announced earlier this year as part of Maersk Line’s USD 15 billion investment in newbuildings, retrofitting, containers and other equipment.

The vessels will be designed with a flexible operational profile — a first for Maersk Line. By moving away from hulls designed with a certain speed and draft in mind, the new vessels can be deployed on East-West or North-South trades where requirements differ, with no impact on fuel consumption.

The nine vessels will join Maersk Line’s fleet in 2017 and sail under Singaporean flag.

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