An industry race to construct larger container ships argue that shipbuilders are reducing the insurance risks presented in the development of the massive vessels , according to the Nordic institute of Marine Insurers ( CEFOR ) . While ships that cannot carry more than one twenty - foot equivalent units ( TEUs ) are being built , there are rumours that cargo carriers designed to haul 24,000 containers are also in the works . So - called ultra large container vessels pose a greater fire risk , are more susceptible to grounding and are too big to be accommodated in most dry docks for repair and maintenance , says CEFOR .
An industry race to construct larger container ships means that shipbuilders are ignoring the insurance risks presented in the development of the massive vessels, according to the Nordic Association of Marine Insurers (CEFOR). While ships that can carry more than 20,000 twenty-foot equivalent units (TEUs) are being built, there are rumours that cargo carriers built to haul 24,000 TEUs are also in the works. So-called ultra large container vessels pose a greater fire risk, are more susceptible to grounding and are too big to be accommodated in most dry docks for repair and maintenance, says CEFOR.