Europe Billionaires Are in High Seas ‘Arms Race’ - Bloomberg
▻https://www.bloomberg.com/news/articles/2017-11-29/shipping-magnates-shock-an-industry-out-of-funk-with-huge-orders
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity.
Jacques Saade’s CMA CGM SA, the world’s third-largest container line, announced an order for nine massive vessels in September, after a year of tepid sales for new ships. Within days, Gianluigi Aponte’s Mediterranean Shipping Co., the No. 2 container line, confirmed it had lobbed in an order for 11 behemoths, each of which can hold 22,000 shipping containers, enough capacity for 44,000 cars or 8.8 million 50-inch TVs.
The orders amounted to almost $2.9 billion combined, according to London-based Vessels Value, an online ship-valuation database. Longer than 3 1/2 football fields, the container ships will be among the largest ever built.
Question finale, dont on peut sans doute omettre le dernier mot…
“It becomes kind of like an arms race,” said Lee Klaskow, a shipping analyst at Bloomberg Intelligence. “Who has the biggest ship?”