Hyundai Heavy Bags USD 600 Mln Containerships Order

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, today announced the Company won an order for five 14,000 TEU containerships from Seaspan Corp. The contract includes an option exercisable by the owner for five additional same-class boxships.

This order makes the Ulsan, South Korea-based company clinched all ultra-large containerships capable of holding more than 10,000 20-foot boxes ordered worldwide over the past year.

The ultra-large container ships, measuring 368 m in length, 51 m in width, and 30 m in depth, are scheduled to be delivered from 2015. Upon delivery, the vessels will be charted to the Taiwan’s Yang Ming Marine Transport Corp on a long-term contract.

The containerships will feature an electronically-controlled main engine and HiBallast seawater treatment system. The electronically-controlled main engine will maximize fuel efficiency, reduce noise, vibrations, and carbon emissions by automatically controlling fuel consumption to suit sailing speed and sea conditions.

The HiBallast system is a seawater treatment system HHI developed in 2011. HiBallast can treat 8,000 cbm of seawater per hour by filtering and sterilizing bacteria and plankton bigger than 50 µm through electrolysis.

In 2013, Hyundai Heavy set an annual new orders target of USD 29.7 billion, 52.3% up from a year earlier, and aims to achieve sales of KRW 26. 9 trillion (USD 25.4 billion), 7.1% up against the previous year.

[mappress]

HHI, January 16, 2013