CMA CGM in 20,000 TEU Ship-Order

The third largest shipping line in the world, CMA CGM, is to spend around US$470 million on three new 20,000 TEU mega-ships as part of its plan to increase its overall fleet capacity.

PTI previously reported a record ship order, consisting of four 20,150 TEU box-ships to be constructed by Samsung Heavy Industries and to be delivered to Mitsui O.S.K Lines.

In Trade Winds, CMA CGM Vice-President Rodolphe Saade is quoted as saying “we are growing organically by opening up new services, new loops, on trades that require capacity.”

Despite an oversupply of container ships in the industry as a result of the financial crisis of 2008, Southern Asian shipbuilding is expected to peak in 2015, with a gross tonnage reaching around 4.8 million.

China, Japan, and Korea are among the countries that currently dominate ship building within the Southern Asian market segments.