ContainersEurope

20 more newbuilds for MSC

Alphaliner is reporting that Mediterranean Shipping Co’s (MSC) world-beating orderbook has grown by another near 200,000 slots.

MSC has chosen Jiangsu New Times Shipbuilding in China for the next phase of its extraordinary expansion that will ensure it becomes the first liner in history to control a fleet in excess of 5m slots shortly. The Chinese yard has been contracted to build 20 ships for the Geneva-based carrier, an order made up of ten 8,100 teu vessels, and ten 11,400 teu vessels. All ships will deliver in 2024 and 2025 and will feature LNG dual-fuel propulsion. No price has been revealed for this latest series of ship orders.

MSC already has fourteen 7,000 teu ships on order at the same yard.

According to Alphaliner data, MSC has 111 vessels made up of 1.45m slots on order, roughly the same deployed capacity as the current size of Japan’s Ocean Network Express (ONE), the world’s seventh largest carrier.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Comments

  1. When Liner Shipping crashes – it will be spectacular.

    There have been a number of severe Liner Shipping down-turns when capacity rapidly outpaced demand – and the results are ones of legend. In all of them, demand remained relatively constant, or shifted ever so slightly while orders placed some years earlier flooded the routes with over-capacity. Harakiri was how we described the carriers’ actions then.

    Why is one not surprised to see Liner Shipping hurtling down the same path once again – eyes wide shut – and in the lead is the super-giant MSC.

    With each crash, we always said that Liner Shipping did not seem to have a business bone amongst all the CXO’s and it remains true now. They have made so much money – some would term it “ill-gotten and immoral” – and they simply do not know what to do with it.

    And down this path of more ships, it is a competitive destruction – where they all rush manically behind each other to the yards – knowing full well that there lies their doom. None of them wish to get left behind, and they all fear the next carriers capacity and positioning.

    We all knew it was too good to last, but I dont think we appreciated how much the Carriers (Read MSC) would contribute to their demise and / or how quickly.

    #liner #containershipping #overcapacity #msc #shipping

Leave a Reply

Your email address will not be published.

Back to top button