Title of world's biggest vessel shifts as rates fall
Samsung Heavy is building 4 ships capable of carrying 20,100 20-foot boxes for Mitsui OSK
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Singapore
THIS is how much size matters in the shipping industry: bragging rights for the world's largest container ship have changed hands four times in as many months - and will soon shift again.
With weak freight rates encouraging shipping lines to send as many goods as possible in a single voyage, Samsung Heavy Industries Co, the world's third-biggest shipbuilder, is constructing four vessels capable of carrying 20,100 20-foot containers - enough to fit about 203 million iPads - for Mitsui OSK Lines Ltd of Japan. Another two ships of the same size will be built by Japan's Imabari Shipbuilding Co.
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