World’s Biggest Ship Title Shifts Monthly as Rates Fall: Freight
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This is how much size matters in the shipping industry: Bragging rights for the world’s largest container ship have changed hands four times in as many months - - and will soon shift again.
With weak freight rates encouraging shipping lines to send as many goods as possible in a single voyage, Mitsui O.S.K. Lines Ltd. is buying six ships capable of carrying 20,100 20-foot containers, enough to fit about 203 million iPads. Four are being built by Samsung Heavy Industries Co., the world’s third-biggest shipbuilder, and two will be built by Japan’s Imabari Shipbuilding Co.