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Carriers ordering bigger container ships to achieve economies of scale

     Container ship

The average size of container ships continues to expand as carriers order ever larger vessels.  The latest record was set earlier this year by Mediterranean Shipping Co. when it took delivery of the 19,224 TEU (Twenty-foot Equivalent Unit) MSC Oscar – just slightly larger than China Shipping’s 19,100 TEU CSCL Globe (see photo).

For more information, contact David Lychek, Manager – Ocean & Air Services.

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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