COSCO Group's Shanghai Ship and Shipping Research Institute (SSSRI) has completed designs for a record-breaking 25,000-TEU ship, reports Singapore's Splash 24/7.
SSSRI, a unit of Cosco Shipping, has got the design approved by CSSC No 708 Institute, part of the nation's largest shipbuilding group.
SSSRI said the development of the new ultra large containership meets the requirements of the government's China Manufacturing 2025 strategic plan and ties in with the country's Belt and Road initiative.
An official at SSSRI said Cosco is still studying the market and no new building order has been planned yet.
The latest results from Mar Poll, our quarterly survey, show 59 per cent of readers believe the ordering the high demand for ultra large container vessels has passed.
Speaking at TPM in early March, the giant container conference in Long Beach, Maersk group CEO Siren Scour, doubted the need for 25,000-TEUers.
Mr Skou said Maersk's investments going forward would be elsewhere rather than on so-called megamaxes, a ship type he likened to Airbus' A380 aircraft, which has proven to not be a commercial success.
Maersk's partner on the 2M vessel sharing agreement, MSC, is readying to take on a series of record-breaking 23,000-TEUers.
Source:HKSG GROUP
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