London 04/Nov/2014: The world could soon see 24,000 Twenty Foot Equivalent Unit (TEU) plying in the sea, Lloyds Register, the classification society, said recently.
Lloyds Register container segment manager, David Tozer, said, \"Twelve years ago researchers were looking at Malaccamaxes, 18,000 TEU ships named after the Malacca Strait. People thought that this was absolutely crazy. But things have developed since to the extent that well soon see ships of 24,000 TEU. The volumes are there, so its going to happen.
According to Tozer, companies such as Maersk Line, CSCL, Evergreen Line and CMA CGM having already invested in 17,000 TEU to 19,000 TEU ships, 24,000 TEU was only a matter of time as commercial pressure to put more cargo on ships rises. This helps the Logistics Industry to transport more container at a time with low cost and even helps the Environment too.