Maersk Line Lays Up Triple-E, Cools Over Option for Eight 14,000 TEU Newbuilds

Friday October 30, 2015

Maersk Line has idled one of its 18,000-TEU Triple-E containerships, a move which underscores the dire conditions of the container shipping industry, Seatrade Maritime reports

According to Alphaliner, most carrier lines have generally avoided idling their larger ships. 

“This Maersk Line vessel is scheduled to remain anchored for six weeks as a result the void sailings programme on the Asia -Europe route," Alphaliner said.

"While carriers normally try to keep their largest ships active, the over-supply conditions in almost all trade sectors have left them with no choice but to idle even their most expensive assets.”

Last month Ship & Bunker reported that the number of idle boxships around the world was on the rise, and the number now has reportedly hit a five-year high.

The worsening market means that Maersk Line is also still considering whether to exercise an option to order another eight 14,000-TEU containerships from Hyundai Heavy Industries (HHI), according to separate reports

“What I can say is that we have not – at this stage – decided as to whether or not we want the vessels," said Senior Press Officer Michael Christian Storgaard

The options are part of a previous $1.1 billion order made earlier in July, which included nine ships of the same size from HHI. 

Ship & Bunker reported last week that Maersk Line had lowered its profit guidance for the year after reporting that the dismal market had weighed on its finances.