Maersk Ends Mega-Ship Building Era With New Acquisition Plans

The owner of the world’s largest container shipping line will stop ordering newly built vessels and instead pursue takeovers in an industry that has been plagued by overcapacity for almost a decade.

Evergreen has joined the mega-ship club with an order for 11 x 20,000 teu units. How many more carriers will follow?

The announcement last week that Evergreen has signed time-charter agreements with Shoei Kisen Kaisha, Ltd. for 11 Ultra Large Container Vessels (ULCVs) of 20,000 teu...