A study commissioned by Lloyd's Register and conducted by Ocean Shipping Consultants has determined that major investment will be required in feeder and shortsea containerships through to the end of the decade, in support of surging development in the trade and in the size of the deepsea mainline vessels. Over 25 percent of today's worldwide boxship fleet, and nearly 60 percent of the present orderbook, is in the post-Panamax category, and it appears ever more likely that the industry will see the first 12,500-TEU vessels before 2011. "The demand for big ships will clearly lead to higher demand for transhipment," said David Tozer, Lloyd's Register's Business Manager, Container Ships.