Maersk Line (OMX: MAERSK A; MAERSK B) signed a contract with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. (026600.KS) to build 10 of what the company terms as the world’s largest and most efficient vessels, with an option for an additional 20 vessels.
Scheduled for delivery between 2013 and 2015, Maersk said they will entirely change the shipping industry’s understanding of size and efficiency.
Called the ‘Triple-E’ class for the three main purposes behind their creation–Economy of scale, Energy efficient and Environmentally improved–these new container vessels are expected to surpass the current industry records for fuel efficiency and CO2 emissions per container moved, which is currently held by Maersk’s the Emma class vessels.
Four-hundred meters long, 59 meters wide and 73 meters high, the Triple-E is the largest vessel of any type on the water today. Its 18,000 TEU capacity is 16% greater (2,500 containers) than today’s largest container vessel, Emma Maersk.
The Triple-E will produce 20% less CO2 per container moved compared to Emma Mærsk and 50% less than the industry average on the Asia-Europe trade lane. In addition, it will consume approximately 35% less fuel per container than the 13,100 TEU vessels being delivered to other container shipping lines in the next few years, also for Asia-Europe service.
"One of the biggest challenges we face in the world today is how to meet the growing needs of a growing population and the impact that is going to have on our planet. International trade will continue to play a key role in the development of the global economy: but, for the health of the planet, we must continue to reduce our CO2 emissions. It is not only a top priority for us, but also for our customers, who depend on us in their supply chain, and also for a growing number of consumers who base their purchasing decisions on this type of information," says Eivind Kolding, CEO of Maersk Line.
Each Triple-E vessel vessel will cost US$190 million. Besides its size, which provides superior economies of scale compared to other vessels (more cargo means less CO2 per container moved), the efficiency of Triple-E comes from its innovative design. Two ‘ultra-long stroke’ engines turn two propellers, and specially optimised hull and bow forms guide the vessel through the water at the speeds typical in the industry today. An advanced waste heat recovery system captures and reuses energy from the engines’ exhaust gas for extra propulsion with less fuel consumption.
To reduce the environmental impact of the vessels beyond their lifecycle, Maersk Line is setting a new standard for the way vessels are recycled. All the materials used to build the Triple-E class will be documented and mapped in the vessel’s ‘cradle-to-cradle passport’. This means that when the vessel is retired from service, this document will ensure that all materials can be reused, recycled or disposed of in the safest, most efficient manner.
Maersk Line is one of four major shipping companies working with the Sustainable Shipping Initiaitve.
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