Urgent.News

What's breaking now, across thousands of outlets.

Business

Maersk order spree fuels Korea-China duel for mega container ships

Korean and Chinese shipbuilders are vying to win orders for the largest-ever container ships to be placed by Maersk, the world’s No. 2 container carrier. In the shipbuilding and shipping industries, there is speculation that Maersk is pushing to introduce more than 40 new container ships worth $8.9 billion (about 12 trillion won) to expand ...

Korean and Chinese shipbuilders are in a fierce competition to secure orders for Maersk, the world's second-largest container carrier. It is speculated that Maersk is planning to place more than 40 new container ships worth $8.9 billion to expand its fleet. This is an unusually large newbuilding order plan, with Maersk recently ordering 26 18,000-teu container ships.

Maersk is also said to be planning orders for 24,000-teu container ships, which are larger than what it has ever ordered before. While Chinese shipbuilders are believed to have an edge, Hanwha Ocean from Korea is rumored to be vying for the 24,000-teu orders. Maersk ordered 26 18,000-teu ships on the 18th, all equipped with dual-fuel engines that can use liquefied natural gas and marine fuel, with delivery scheduled for 2029 and 2030.

The shipbuilding and shipping industries are speculating on whether Maersk will split the orders among multiple yards or award the entire volume to a single shipbuilder.

Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at hellenicshippingnews.com →

More in Business

The IMO-Ipieca Global Initiative celebrates 30 years of oil spill preparedness and response

This year marks 30 years since the Global Initiative (GI) was established to support the implementation of IMO’s International Convention on Oil Pollution Preparedness, Response and Co-operation.

  • The Global Initiative (GI) marks 30 years of oil spill preparedness collaboration.
  • IMO and Ipieca partnership strengthens spill response through joint efforts.
  • GI operates three worldwide programs in high-risk areas for joint spill response.

Bidding Announcement of 79496.30t Bulk Carrier “XING SHAN”

Entrusted by the transferor (the Seller), our company (the “Bidding Company”) is scheduled to hold an online public bidding (the “Bidding”) on the Shipbid website (www.shipbid.net) from 10:00 to 10:30…

  • Bidding for 79,496.30 ton bulk carrier XING SHAN announced
  • Online bidding from 10:00-10:30 Beijing Time on October 23, 2026
  • Domestic buyers eligible, reserve price unspecified

World Maritime Day industry panel to examine the gap between maritime policy and the reality of life at sea

OneCare Group will bring together crewing, safety, insurance and wellbeing specialists for a World Maritime Day webinar examining how shipping can turn policies into meaningful outcomes for seafarers…

  • OneCare Group hosts World Maritime Day webinar on September 23rd
  • Focus on gap between maritime policies and seafarers' realities
  • Topics include fatigue, psychological safety, and leadership

More from Tuesday 22 September →