Overcapacity remains a concern in shipping


JOHOR BAHARU, July 28: Maersk Mc-Kinney Moller, the world's largest container ship and the first Triple-E class vessel, made its maiden call today at the Port of Tanjung Pelepas (PTP) Johor. The ship, costing US$190 million, is 400 metres long, 59 metres wide and 73 metres high (in terms of draft). It is deployed on Maersk Line's AE-10 (Asia Europe) service.

PETALING JAYA: As the container shipping industry recuperates from a challenging market environment, concerns still abound over the looming overcapacity as more new vessels are expected to come on stream in the next two to three years.

CMA CGM group senior vice-president for Asia Europe lines Nicolas Sartini told StarBiz that the two main markets in the liner industry – Asia-Europe and Trans-Pacific trade – have entered their peak season.

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