>> Global: Hanjin Shipping has named its first two 13,100TEU vessels Hanjin Sooho and Hanjin Asia. The vessels are part of an order of nine from Hyundai Heavy Industries, and will be deployed in the Asia-Europe trade soon after delivery in April. The remainder, also around 366m long and 48.2m wide, and having a maximum speed of 23.7k, will be delivered this year and next. According to Lloyds List Intelligence, the last two will be delivered in January 2013 and March 2013.

As Hanjin provides vessels in the CKYH Alliance's loop 1 and loop 6 (there is no loop 5 yet), which currently deploy nine vessels averaging 10,400TEU and ten vessels averaging 9,081TEU respectively, they will, presumably, be used to upgrade these.

Alternatively, they could be used in loop five, when it is re-introduced, although there appears little need for this at present. Given Europe's languishing economy, there is unlikely to be need for any additional capacity this year, which underlines the difficulty faced by carriers with ULCVs due for delivery in 2012.

(Source: JOC)