China Shipping Container Lines is reportedly planning to order five 18,000-TEU ships.
Both Lloyd’s List
and Fox Business/Dow Jones
reported the company’s intention to order the ships
Only Maersk Line has ordered such large container vessels, which it has dubbed the “Triple-E” class for economy of scale, energy efficiency and environmentally improved. The first of the Maersk ships are expected to be delivered later this year.
cited a statement to the Shanghai Stock Exchange in which the company said it needed the ships to “raise its core competitiveness.”
was unable to immediately confirm the plan independently.
It's not clear how the company will deploy the ships. Maersk and most large shipping companies have deployed their largest ships in the Asia-Europe trade lane, but such strings generally require about 10 vessels. It's also not clear if China Shipping has a partner - either another shipping line or a space sharing partner - who is planning to build additional 18,000-TEU ships.
quoted an unnamed source as saying three South Korean shipyards - Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering - have submitted bids for the order. Daewoo is building 20 of the ships for Maersk.
In a presentation posted on its Website, China Shipping had previously indicated plans for the delivery of 12 new ships in 2013 and 2014, including four 4,700-TEU ships and three 10,000-TEU ships in 2013 and five 10,000-TEU ships in 2014.
China Shipping also reported its results for the first quarter ending March 31. The company said it had a net loss 690 million yuan renminbi ($112 million) in the first quarter of 2013 compared to a loss of 1.4 billion yuan in the same 2012 period. The company had revenue of 7.93 billion yuan in the first quarter compared to 6.45 billion yuan in the first quarter of 2012. - Chris Dupin