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Maersk contracts additional 10 Triple-E vessels
Monday, 27 June 2011 17:55

Today, at a signing ceremony in Tokyo, Japan, Maersk Line exercised its option with Korea’s Daewoo Shipbuilding and Marine Engineering to build an additional 10 Triple-E ships, the world’s largest container vessels.

The event follows Maersk Line's order in February this year for 10 Triple-E vessels with two options, each for an additional 10 ships.

“I am very excited to have signed a contract with Daewoo for 10 more Triple-E ships. We now have twenty Triple-E on order. They underline our strong commitment to the Asia-Europe trade and fit well with our current ambitions and expectations for the future development of the trade. We believe the Triple-E ships with their record capacity and energy efficiency will enable us to deliver on the commercial and environmental expectations of our customers and also give us a significant competitive advantage in the market,” said Eivind Kolding, CEO of Maersk Line.  

Maersk Line expects demand on the Asia to Europe trade to increase five to eight percent per year during 2011-2015. By introducing the Triple-E vessels from 2013, Maersk Line will be able to meet the increasing demand as well as maintain its market share. The first 10 vessels will be delivered 2013 and 2014; the second 10 vessels are scheduled for delivery in 2014 and 2015.

The deadline for exercising the last option for an additional 10 vessels is end of December 2011. At this point Maersk Line said it does not intend to exercise the option.