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Maersk to spend $3 billion per year on new vessels

The MV Maersk Mc-Kinney Moller, the world’s biggest container ship, arriving at the harbour of Rotterdam, The Netherlands. Photo: Michael Kooren/Reuters

The MV Maersk Mc-Kinney Moller, the world’s biggest container ship, arriving at the harbour of Rotterdam, The Netherlands. Photo: Michael Kooren/Reuters

Denmark’s Maersk Line will spend around $3 billion a year from 2015 to 2019 on new vessels to buttress its position as the world’s biggest container shipping company, it said yesterday.

“The current order book [is] not sufficient to grow with the market,” Maersk Line, a unit in the Danish conglomerate AP Moller-Maersk, said in a presentation for analysts at the company’s headquarters in Copenhagen.

“Vessels will support a low cost position by being the largest possible in each trade,” it said in the presentation.

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