Maersk draws on low yard prices for new mega-ships

The 11 new ultra-large container vessels, with an option for six more, for Maersk line are not only bigger than the latest Triple-E. The price is also significantly lower than what Maersk had to pay in 2011 as first mover in the industry.

Maersk Line paid a high price as first mover back in 2011 when the carrier became the first in the container industry to order the innovative and till now biggest ships, a total of 20 Triple-E vessels of 18,275 teu each. The contract price for the ships was around USD 190 million apiece, while numerous competitors subsequently used the sliding yard prices to order ships of roughly the same size at significantly lower prices.

The new order for 11 container ships with an option for six additional vessels does not just represent a continuation of the Triple-E vessels. The ships are also marginally bigger, with a capacity of 19,630 teu each, while the price per unit is lower than what Maersk had to pay in 2011 - around USD 163 million per ship judging solely by the price of the combined order confirmed by Maersk Line yesterday, Tuesday.

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