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Sea Asia 2013: Mega-ships will not pressure prices

Shipping companies are building new and larger ships which the growth does not warrant. “Our order might have been different if we had known what the market would look like today,” says Thomas Riber Knudsen, CEO of Maersk Line, Asia Pacific Region to ShippingWatch at Sea Asia 2013 in Singapore.

Photo: Maersk Line
BY TENNA SCHOER

SINGAPORE: Several shipping companies are introducing new and larger ships this year, Maersk’s Triple-E being the largest with a capacity of 18,000 TEU. However, the participants at this year’s Sea Asia conference in Singapore, which opened on Tuesday, are sure that launching more mega-ships is the way to go.

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