Ordering in the very busy containership newbuilding universe this year has been mostly in the largest segment, and the larger-than-largest segment. A startling 48 ships with capacities of more than 18,000-teu have been ordered since January, Clarksons’ database shows.
CC Tung’s are the biggest.
Tung did not fire the starting pistol in this race. But as chairman and chief executive of stock-listed, family-dominated Orient Overseas International, which operates as Orient Overseas Container Line (OOCL), he is among a double handful of shipowners who have pumped up the liner industry’s capacity with ships of ever greater container intake in pursuit of efficiencies of scale — and in pursuit of each other.
Tung