CCNI boxship order illustrative of dramatic tonnage cascade

Manila: Compania Chilena de Navegacion Interoceanica (CCNI) has selected the Korean company Hanjin Heavy Industrries and Construction’s Philippine subsidiary to build six boxships of around 9,000 teu each. The first two ships will be delivered in 2014 from Hanjin’s giant Subic Bay yard, with the remainder to follow likely the year after. The size of the ships shows just how dramatic the tonnage cascade is in international container shipping with these ships likely deployed on Asia-South America trades, a lane which up until two years ago was populated with vessels of typically 4,500 teu capacity.  [27/11/12]

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