Page 17 - Port Of Hamburg Magazine 01.2018

Olaf Fölsch
CEO, Junge & Co., insurance brokers
“The insurance aspect plays only a
minor role in the development of ship
size. Should ships grow larger, then
the insurance business will adjust
to the new requirements. So, even
larger carriers will not fail because of
that. Yet not everything that is doa-
ble, makes sense commercially. Mar-
itime infrastructure simply cannot
grow at the same pace. I’m just think-
ing here of the Panama Canal. This has recently been enlarged for several bil- lion dollars, but is already too small for the largest containerships. The Straits of Malacca, for example, where at some places water depth is no more than 25 metres, also constitute a natural barrier. So I don’t believe that we shall see containerships with more than 25,000 TEU in the near future. If they are to make sense commercially, such enormous ships also need to be well load- ed. If we ultimately have only a few ports in China, and perhaps even fewer in Europe, that can be only to some extent be served by fully-loaded vessels, that’s no good. Enormous capital would be committed, yet cannot be flexibly utilized. That would make for a tremendous and barely calculable risk.”
Size development in container shipping
More than 20.000 TEU Built since 2016/17 length: 400 m, width 59 m, depth 16 m
More than 10.000 TEU Built since 2006 length: 350 m, width 46 m, depth 15 m
More than 8.000 TEU Built since 1997 length: 316 m, width 43 m, depth 14,5 m
50 YEARS OF CONTAINERS IN HAMBURG ■
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Port of Hamburg Magazine | March 2018 | 17
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