Risk Ahoy: Maersk, Daewoo Build the World's Biggest Boat

A brand-new behemoth prowls the seas. It’s the largest ship ever built and the most gigantic risk Maersk has ever taken

Behind this week’s cover
Photograph by John Francis Peters for Bloomberg Businessweek
Every weekday morning in Okpo, a former fishing village near the heel of the Korean Peninsula, the streets fill with men and women—on bicycles, motorcycles, scooters, and on foot—in the matching gray jackets of Daewoo Shipbuilding & Marine Engineering. The commuters stream down the hill from the residential neighborhoods toward the harbor. They pass the small marina strewn with bits of netting and plastic patio furniture, where a few trawlers are tied up, and the pier where a replica of a famed 15th century armored Korean warship floats. Just beyond the harbor, some workers split off into a complex of DSME office towers. The rest continue on to the gates of the shipyard. There, after forming up with their teams for calisthenics, they get to work.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.