Business · Companies · 2 hrs ago
Maersk orders 26 container ships as it expands its fleet
Danish shipping company Maersk ordered 26 container ships in September, each with capacity for 18,600 containers.
The order brings Maersk’s total ships on order to 131.
Maersk is competing with French company CMA CGM for the position of the world’s second-largest container carrier.
For about a decade, Maersk’s growth strategy focused on offering a broad range of logistics services.
It is now turning back toward expanding its fleet and cutting operating costs.
The shift comes as freight rates rise and shipping alliances are changing.
The order signals Maersk’s plans to strengthen its position, but no delivery schedule is given.
Maersk ordered 26 container ships in September, each with capacity for 18,600 twenty-foot containers.
The order brings Maersk’s total number of ships on order to 131, according to Alphaliner.
The company is expanding its fleet and strengthening its operating-cost competitiveness.
The move comes as Maersk competes with France’s CMA CGM for the position of the world’s second-largest container shipping company.
- Who
- Danish shipping company Maersk.
- What
- It ordered 26 container ships, each with capacity for 18,600 TEU.
- When
- September; the year is not stated.
- Where
- Not stated.
- Why
- To respond to rising global freight rates and changes in shipping alliances, while expanding its fleet and strengthening cost competitiveness.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Ships ordered
- 26
- Capacity per ship
- 18,600 TEU
- Total ships on order
- 131
- Order timing
- September, year not stated
- Competitor for second place
- CMA CGM