Daewoo Shipbuilding & Marine Engineering Co. has signed a contract to build an additional 10 Triple-E ships for Maersk Line. The contract adds to the 10 Triple-E vessels on order from Daewoo since February this year. The name Triple-E signifies the three main purposes behind their creation - economy of scale, energy efficiency and an environmentally improved design. At 400 metres long, 59 metres wide and 73 metres high, the Triple-E is the world’s largest vessel. It will produce 50 percent less carbon dioxide than the industry average on the Asia-Europe trade lane. Eivind Kolding, CEO of Maersk Line, said the contract for the new vessels cements their position in the industry. "They underline our strong commitment to the Asia-Europe trade and fit well with our current ambitions and expectations for the future development of the trade," he said. "We believe the Triple-E ships with their record capacity and energy efficiency will enable us to deliver on the commercial and environmental expectations of our customers and also gives us a significant advantage in the market."