MSC orders 20 boxships in Asia

In its latest weekly report, Clarkson Research Services carries news of a bumper set of orders in Asia by Mediterranean Shipping Co (MSC), the world’s largest containerline.

Clarksons is reporting Soren Toft-led MSC has ordered fourteen 8,000 teu LNG capable boxships at Chinese yard New Times Shipbuilding and a further six 7,900 teu units at South Korea’s HD Hyundai, the yard formerly known as Hyundai Heavy Industries. All units are due to be delivered in 2025. No price has been revealed for the Chinese vessels, while the Korean ones are costing $134.3m per unit.

The multi-billion-dollar orders stretch MSC’s lead at the top of the liner rankings, its orderbook now four times as large as second placed Maersk with MSC on track to become the first carrier in the world to operate a fleet in excess of 5m slots soon.

Starting out in 1970 with a German-built secondhand vessel of just 2,900 dwt, acquired from Hapag-Lloyd and renamed Patricia, MSC now operates 664 ships of which 186 have been bought on the secondhand market since August 2020, the greatest fleet buildup in the 66 years of containerisation.

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.
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