Maersk to invest $3 billion per year on new vessels

Sept. 25, 2014 at 11:39 by Svitlana Slavina in Container Shipping

To keep its leading position on the market, the world’s biggest container shipping company Maersk plans to spend $3 billion a year on new ship orders.

The shipping company announced that it needs 425,000 20-foot-equivalent units and these have to be delivered between 2017 and 2019. As reported by Maersk’s representative in Copenhagen, the current planned vessel order is not enough to develop with the market. It was not revealed how many vessels exactly the shipping company would order. Currently Maersk’s fleet consists of 500 vessels.

The prediction of consulting group Alphaliner that MSC's order book will outrun Maersk's one by 2016 will not prove itself true, when taking these investment plans into account.

Maersk Line has a global market share of about 15 percent and around 20 percent of goods transportations on the route between Asia and Europe is under control of the shipping company. Maersk's reported profit margin is 5 percent higher than the profit of its rivals for the last two years.

Maersk to invest $3 billion per year on new vessels

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