[BITList] From Cargo Law

[M.j. Feltham]

When will they stop building larger Box Boats ?

Mike
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   ***They Might Be Giants ....... as Shipping Consultants managing director Andrew Penfold says 22,000-TEU ships are coming in a few years and 24,000-TEUers won't be far behind, according to economies-of-scale research done with Lloyd's Register and two unidentified shipping lines. Speaking at the recent TOC Container Supply Chain conference in Rotterdam, Mr Penfold said: "If you take the analysis up to 24,000-TEU vessels, you will see there are further cost savings to be made. If we go to 18,500-TEU size and then put another couple of bays in the ship you are pretty soon getting to 22,000 to 24,000-TEU size." Drewry's top analyst Neil Davidson agreed, reported London's Loadstar. "I think it's only a question of time before we see the next upsizing - you might even see 22,000-TEU ships as early as 2018." Said Mr Penfold: "There is no technical reason why we cannot build 24,000-TEU ships, and if you're going to build 18,000-TEU ships, why not go to 20,000-plus TEU ships?" Researchers concluded that while an 18,000-TEU vessel is expected to incur daily costs at sea of US$197,198, a 22,000-TEU vessel would run-up US$220,892 a day and a 24,000-TEU ship would incur costs of US$229,693 per day. At the same time, the per slot cost plunges with an 18,000-TEU ship incurring a cost of US$10.96 per TEU per day at sea; while a 22,000-TEU vessel would cost US$10.04 per TEU per day at sea, and a 24,000-TEU ship comes in at US$9.57 per TEU per day at sea, said the report. Lloyd's Register research shows a 24,415-TEU ship would likely have a beam of 64 meters and a length of 479 metres. Today, the biggest Maersk 18,000-TEUers are 399 meters long and 59 meters abeam.
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