Ultra Large Container Vessels (ULCVs)

What is a ULCV?‍

An Ultra Large Container Vessel (ULCV) is one of the largest types of container ships used in global shipping, designed to carry massive amounts of containers over long distances. ULCVs are typically used on major trade routes, such as between Asia and North America or Europe. These ships maximize cargo capacity to reduce transportation costs per container, making them crucial for international supply chains.

How Many ULCVs are in Operation?

As of 2024, there are 131 ULCVs with capacity in excess of 20,000 TEU in operation. The number continues to grow as shipping companies invest in larger vessels to meet the increasing demand for global trade and cost efficiency. ULCVs are primarily operated by major shipping lines like Maersk, MSC, and CMA CGM, which use them on key international routes, particularly between Asia and Europe.

ULCV Capacity

‍ULCVs have an enormous carrying capacity, typically exceeding 14,000 TEUs (Twenty-foot Equivalent Units) and reaching up to 24,000 TEUs. This vast capacity allows ULCVs to move large volumes of goods, which is especially beneficial for high-demand trade routes.

Ultra Large Container Vessel Dimensions‍

ULCVs are some of the largest vessels in the world, with lengths ranging from 360 to 400 meters (1,181 to 1,312 feet) and beams (widths) of 58 to 62 meters (190 to 203 feet). They have a draft (depth below the waterline) of around 14.5 to 16 meters (48 to 52 feet). These dimensions mean ULCVs are restricted to berthing at deep-water ports.

Ultra Large Container Vessel Price

‍The price of a new ULCV can range from $150 million to $200 million, depending on factors such as size, design, and technology. Second-hand ULCVs are available at lower prices, but fuel efficiency, maintenance, and age play a significant role in determining cost. The high price is offset by the economies of scale that ULCVs offer in container shipping.