Four years after the arrival of the first Triple-E vessel, Mærsk Mc-Kinney Møller, a 2nd Generation Triple E is joining the fleet. The arrival of Madrid Maersk at the Chinese port of Tianjin on April 27 marked the first of 27 ships that will join the fleet this year and next, including eleven 2nd Generation Triple-Es.
“Our strategy is to grow in line with our main competitors and we do that through a combination of buying new and used ships, and chartering vessels” says Søren Toft, Chief Operating Officer, Maersk Line. “These new vessels help modernize our fleet, significantly improve our operational efficiency and will help us achieve our growth ambitions, regardless of short-term economic cycles.”
Discipline on the road to growth
Reflecting the need for the new capacity is Maersk Line’s head haul utilisation rate, which hit an average of 93% in 2016, leaving little room for growth without additional capacity. And while overcapacity remains a problem for the container shipping industry, the 27 new vessels coming into Maersk Line’s fleet are equal to just 11% of Maersk Line’s current fleet, compared to an industry average of 15%.