Shipping

The World's Largest Ship, Maersk's Triple-E, May Be Too Large

By on April 25, 2013

Shipping

The World's Largest Ship, Maersk's Triple-E, May Be Too Large

Companies Mentioned

  • MAERSKB

    AP Moeller - Maersk A/S

    • $40200.0 DKK
    • -80.00
    • -0.2%
  • 042660

    Daewoo Shipbuilding & Marine Engineering Co Ltd

    • $26450.0 KRW
    • 1150.00
    • 4.35%
Market data is delayed at least 15 minutes.

Maersk (MAERSKB) Line’s Triple-E class container supership will be the biggest vessel afloat when it enters service in July, with a capacity of 18,000 20-foot boxes. Unfortunately for the world’s largest shipping line, the $190 million Triple-E is too big for any port in the Americas and can’t make it through the Panama Canal. That restricts it to an Asia-Europe market, where growth in cargo demand is weaker than forecast when Maersk ordered 20 of the megaships two years ago from Daewoo Shipbuilding & Marine Engineering (042660) for a total of $3.8 billion.

Jasper is a reporter for Bloomberg News in London.
Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus