Drewry – UASC challenges top players

The order, placed with Hyundai Heavy Industries (HHI) in Korea and which includes options for one additional 18,000 teu vessel and six additional 14,000 teu vessels, is the largest in UASC’s history.

It is seen as the first major challenge to the top players’ vessel capacity supremacy since Coscon and CSCL burst into the container market in the late 1990’s, suggests Drewry in this week’s ‘Container Insight’.

Drewry believes the order will propel UASC up the ladder in a startling way. ‘It will increase UASC’s vessel capacity offered at the end of last year by around 60% and propel it from the bottom of the top 20 league to the lower ranks of the top 12,” states the report.