World News
Maersk Line in $1.1 Billion Order for Another 9 Containerships
Maersk Line Wednesday said it has ordered nine 14,000 TEU containerships for $1.1 billion, the company's third newbuild order so far this year.
The nine ships will be built by Hyundai Heavy Industries (HHI), and come with an option for up to eight more.
"The vessels will be designed to operate in and perform efficiently across many trades and not just designed for one specific trade," said COO Søren Toft.
"They will help us stay competitive and make our fleet more flexible and efficient."
The ships are slated to be delivered n 2017 and will sail under the Singaporean flag.
The order is reportedly part of the company's planned $15 billion investment program, which has also included an order for seven 3,600 TEU feeder vessels and eleven 19,630 TEU Triple-E vessels.
In June, Maersk Line ended months of speculation when it confirmed that it had ordered the eleven Triple-E ships for $1.8 billion, making them the largest ships that the company has ever ordered.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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