Maersk ordered eight large vessels from Chinese shipbuilder New Times Shipbuilding, slated for delivery in 2029 and 2030, according to a Monday press release by the Danish shipping company.
The vessels have a length of 366 meters and a breadth of 58.6 meters, more compact than the maximum container vessel length of 400 meters, according to Maersk.
Dual-fuel engines operating on conventional bunker fuel or liquefied gas will power Maersk's new vessels.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.