The Philippine maritime industry may see a literally huge change in the future of shipping as more cargo companies are investing in large-scale vessels or megaships. They expect more than 40 huge container ships to arrive this year and next. Bloomberg reported that these vessels were ordered at least two years ago and are now ready for delivery.

Megaships refer to vessels carrying 18,000 20-foot equivalent units (TEUs) or more. More shipping companies are having them now after Maersk Line introduced its large-capacity ships years ago. Since then, most of Maersk’s competitors, including CMA CGM, Evergreen Line, Mediterranean Shipping Co., and China Shipping Container Lines, have also unveiled their own megaships. These are expected to dominate the maritime sector in the next two years.

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