Daewoo Says Mega Container Ship Demand to Withstand Slowdown

Daewoo Shipbuilding & Marine Engineering Co., working on the world’s largest container ships, said mega-sized vessels’ greater fuel efficiency will let them withstand a slowdown in overall orders.

“Large ships will help shipowners reduce costs, creating a new segment that may be less influenced by how the world economy performs,” Chief Executive Officer Nam Sang Tae said today at a briefing in Seoul. Industrywide orders may be lower in the second half than in the first because of slowing trade and concerns about overcapacity, he said.
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Source: Bloomberg