Maersk Line deploys its first 2nd generation Triple-E

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Capacity: 20,568 TEUs

On April 27, 2017, Madrid Maersk, a 20,568-TEU container vessel and the first 2nd generation Triple-E, called the Port of Tianjin in China. This was the first port on its maiden voyage. Maersk Line has deployed Madrid Maersk in its Asia-Europe service network.

Madrid Maersk is the first in a series of eleven 2nd generation Triple-E vessels. It is also the first of the 27 vessels Maersk Line ordered in 2015 to enter service. Maersk Line will take delivery of the vessels until the end of 2018 and they will replace older and less efficient tonnage, said a release.

Maersk Line has not taken delivery of own newbuildings since July 2015.

Maersk Line’s remaining order book consists of ten 2nd generation Triple-E vessels, nine 15,226-TEU and seven 3,596-TEU container vessels. The order book corresponds to 11 per cent of its current fleet—a relatively small order book when compared to the industry’s order book of around 15 per cent, the release said.

To stay competitive and achieve lowest cost, Maersk Line will continue to manage fleet capacity tightly. For example, it has a relatively high number of vessels on short-term charters. This gives it the flexibility to adjust fleet capacity when new vessels come on-stream. Maersk Line is also recycling old and more inefficient vessels. In the first quarter of 2017, it recycled seven Panamax vessels, the release pointed out.

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