In 2016, South Korean shipyards will build 24,000 TEU container ships

2014-07-11 09:00

According to Andrew Penfold, project director of Ocean Shipping Consultants (OSC), a UK-based shipping consultancy, container ships with 20% more capacity than the currently largest in operation are under development. He stated that South Korean shipyards may build 24,000 TEU container ships in the next two years. container ships ( ship type shipyard sales and purchases Currently, a feasibility study on 24,000 TEU container ships has been established.

Penfold pointed out that research shows that compared to 12,500 TEU container ships, 24,000 TEU container ships can reduce operating costs by 23.1%; compared to 16,000 TEU ships, 24,000 TEU ships can reduce operating costs by 17.4%. He predicts that around 2016, South Korean shipyards will begin building a large number of 24,000 TEU container ships.

These 24,000 TEU container ships will measure 430 meters in length and 62 meters in width, with a draft maintained at 16 meters. Penfold believes that although the container shipping market is still suffering from the negative impact of overcapacity, this will not stop shipowners from continuing to order ultra-large container ships.

Undoubtedly, the development of ultra-large container ships will increase the number of transshipments. However, Penfold said that the emergence of 24,000 TEU container ships does not mean a reduction in the number of ports of call. OSC has collaborated with Lloyd's Register ( location contact and two liner companies to conduct research on the economies of scale of 24,000 TEU container ships.

Seatrade Global previously reported that a series of feasibility studies on the size of 24,000 TEU ships have been conducted. The results show that operating costs and sea transportation costs can be significantly reduced.

Andrew Penfold told reporters that because terminal and port operating companies have already begun upgrading to improve throughput capacity, 24,000 TEU container ships are likely to be built in South Korean shipyards.

Mr. Penfold's final conclusion: "We have not yet reached the limit of the size of container ships we can build."

The global shipbuilding market remains stable

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