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Drewry: Giant ships will put pressure on the rates

Several ships like Maersk's Triple-E will hit the water in the years to come, and even though it'll be several years before they start to sail, the psychological effect could risk impacting the rates, says Drewry.

Photo: Eric Jakobsson

Container carriers' constant attempts at increasing the rates are challenged by new orders for ultra large vessels, says Drewry in its monthly report Sea & Air Shippier Insight, and more carriers will order the giant ships in the coming years, the analysts say.

Till this week, Maersk Line was the only one with Triple-E ships, but China Shipping Container Lines (CSCL) put an end to that when the company announced on Monday that it planned to order five 18,000 teu container ships. And Arabian United Arab Shipping Corp is also toying with the idea of ordering new Triple-E-sized container ships, while other carriers, such as CMA CGM, took delivery of two 16,000 teu ships last month. The CSCL announcement is just further proof of the demand for the fuel efficient ULCVs, says Drewry. It's just a matter of time before the others follow suit.

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