French container shipping company CMA CGM Group has placed an order for 10 vessels with 15,000 TEU capacity . The $ 1.2bn deal with Shanghai State Shipbuilding Corporation will see the vessels built by ex - Zhonghua Shipbuilding Group and Shanghai Shipyard shipyard . Despite the vessel 's size , analysts played down any indications of a turnaround in the containership industry , which is struggling to cope with an uptick in market supply , low charter rates , a slowing global economy and the US - China trade war .
French container shipping company CMA CGM Group has placed an order for 10 containerships with 15,000 TEU capacity. The $1.2bn deal with China State Shipbuilding Corporation will see the vessels built by Hudong-Zhonghua Shipbuilding Group and Jiangnan Shipyard Group. Despite the order's size, analysts played down any indications of a turnaround in the containership business, which is struggling to cope with an uptick in market supply, low charter rates, a slowing global economy and the US-China trade war.