Mediterranean Shipping Company (MSC) has placed an order for eleven 22,000 TEU Containerships with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The company is the second largest container line.
When asked about the potential order in August, The Swiss-based company did not want to comment on the market rumours. No prices have been disclosed for the order, which is the largest in the 62-year history of the sector.
“A significant number of 13,000-TEU and 14,000-TEU vessels will come off-hire in the coming years and the new order is expected to effectively replace this fleet, rather than substantially increasing MSC’s overall capacity,” the spokesperson of the company said.
Rumours on MSC’s order surfaced last month, linking MSC to Korean shipbuilders, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering (DSME), which were reportedly splitting the order, building 6 and 5 units respectively.
The latest two orders have ended the low ordering activity in the container shipping sector, which has helped the sector recover from the doldrums it sank into in 2016.
The vessels are expected to be delivered in 2019 and 2020.