MSC orders five giant ships for US$762m

Mediterranean Shipping Company (MSC) has signed shipbuilding contracts with South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 23,000 TEU mega-vessels for about US$762m in total.

The most recent order is an option exercised by MSC as part of an order for 11 ships placed by the company in September 2017. The vessels are likely to be used in the Asia-Europe trading band.

MSC has already received two 23,000 TEU vessels from DSME this year, and the delivery of these last ordered ships is scheduled for 2021.

It is worth noting that Evergreen Marine Corp. from Taiwan recently ordered six ships of the same capacity as MSC ships from Samsung Heavy Industries Co., another Korean shipyard, for about US$920m. France’s CMA CGM SA, the world’s fourth largest shipping line, received in August the first of nine 23,000 TEU ships it has ordered.

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