China Places Largest Non Military Ship Order Ever
March 16th, 2011Via: Dow Jones:
China ordered 50 to 100 new container, tanker and dry-bulk ships Monday under a deal financed by a private-equity consortium led by Carlyle Group. Valued at between $5 billion and $10 billion, it’s the biggest private-sector shipping deal ever, analysts said.
The new joint venture, which will lease the vessels to China, foreshadows a shipbuilding boom across Asia. Denmark’s A.P.-Moeller-Maersk A/S recently ordered a fleet of the 10 biggest container ships ever built, 400-meter behemoths each capable of carrying 18,000 20-foot containers, from a yard in South Korea.
Research Credit: dang
