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DSME confirms talks with Maersk for 11 mega-boxships worth $1.7bn

DSME confirms talks with Maersk for 11 mega-boxships worth $1.7bn
Daewoo Shipbuilding and Marine Engineering (DSME) has confirmed that it is in talks with Maersk Line for a $1.7bn mega-boxship order.

In a statement to the Korean Stock Exchange DSME said that it was in talks with a European shipowner for 11 containerships for a total price of $1.7bn. The statement followed reports in South Korea on Friday that the shipyard was in negotiations to build eleven 20,000 teu boxships for Maersk.

If the deal is sealed the vessels are expected to be delivered in 2017.

DSME is the builder of all 20 Triple-E containerships for Maersk, the last of which are set to deliver in June this year. The 18,000 teu vessels sparked a revolution in the boxships trades with Mediterranean Shipping Co (MSC), CMA CGM, China Shipping, United Arab Shipping Corp (UASC), Mitsui OSK Lines, Evergreen Group and Orient Overseas Container Line (OOCL) all following down the same path. Meanwhile, Cosco is reported to be set to order ten 19,000 teu vessels at a yard in China.

OOCL has ordered the largest vessels to date with six 21,100 teu newbuildings ordered at DSME rival Samsung Heavy Industries.