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Maersk Line orders nine container ships worth 1.1 bln dollars

Xinhua, July 8, 2015 Adjust font size:

Denmark's Maersk Line, the world's biggest container-shipping company by capacity, signed a 1.1 billion U.S. dollar contract with Hyundai Heavy Industries (HHI) on Wednesday for nine container ships with a capacity of 14,000 TEU (twenty-foot-equivalent) each.

The agreement includes an option for up to eight additional vessels, Maersk Line said in a statement.

"The vessels will be designed to operate in and perform efficiently across many trades and not just designed for one specific trade. They will help us stay competitive and make our fleet more flexible and efficient," said Soeren Toft, Chief Operating Officer in Maersk Line.

The new vessels, each having a length of 353 meters, will join Maersk Line's fleet in 2017 and sail under Singaporean flag.

This is the third new-building order in Maersk Line's investment program, following the seven 3,600-TEU feeder vessels and 11 19,630-TEU Triple-E vessels announced earlier this year.

Maersk Line fleet is comprised of 273 self-owned vessels and 335 chartered vessels as of May 2015.

Since 2002, HHI has delivered more than 50 container vessels to Maersk Line, including 22 WAFMAX vessels with a capacity of 4,500 TEU each, which were delivered from 2011 to 2013. Endit