- Economy of Scale,
- Energy Efficient and
- Environmentally Improved.
At a cost of $190 million per ship, E also stands for expensive. In February 2011, Maersk Line inked a deal to order ten ships from Daewoo Shipbuilders and Marine Engineering, in a deal that cost the container shipping giant $1.9 billion. Since that time, the company has authorized the construction of an additional ten vessels. The total value of the contract, including the option, is $5.7 billion. At present there are five Maersk Triple E's operating on a limited number of international trade routes. With such a huge commitment to a new, more efficient direction, Maersk is counting on consolidating its Europe-Asia fleet (of more than 100 ships) with the five Triple E’s already afloat, ensuring themselves the opportunity to service the growing demand for Chinese goods.
In addition to Maersk and Daewoo, China Shipping Container Lines Co., Hyundai Heavy Industries and United Arab Shipping Company all placed orders for ships with various shipbuilders, as well. This is an indication that the container shipping market is quite strong, and gives analysts a good reason to believe it will remain so, for many decades to come. With that being said, if a portion of a investor's portfolio was dedicated to this non-traditional investment type, the long-term outlook appears to be relatively low risk and likely to profit from continued economic growth; all around the world.
Interestingly, Maersk and the Discovery Channel® have teamed up to offer a glimpse into the building of the largest ships in Maersk's fleet, and can be viewed here. In all, there are six episodes available.