ShippingWatch

Maersk Line’s new giant ships spread fear in the market

In just over a year, Maersk Line will deploy six new Triple-E ships out of a series of 20. The mere threat of the ships’ arrival explains the difficulties the world’s shipping companies are currently struggling to get out of, says Drewry to ShippingWatch.

Even though it will be the summer 2013 before Maersk Line deploys its new giant container ships in the Asia-Europe region, the so-called Triple-E ships of 18,000 teu, the mere threat of their arrival has had a dramatic effect on market conditions, just as the ships are a significant part of the explanation for last year’s price war and the current insecurity.

This is the estimate of Martin Dixon, senior research manager at Drewry Maritime Research, when asked by ShippingWatch.

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