South Korea: HHI Lands USD 1.2 Bln Containership Order

HHI Lands USD 1.2 Bln Containership Order

Hyundai Heavy Industries, the world’s biggest shipbuilder, has won a USD 1.2 billion order to build ten 13,800 TEU containerships from a Greek shipowner. Evergreen Marine will charter these megaships.

The containerships, measuring 368 m in length, 51 m in width, and 29.9 m in depth, are scheduled to be delivered from the second half of 2013 to the second half of 2014. The vessels will use 10% less fuel compared to existing similar class containerships.

Since LNG carriers, Drillships and semi-submersible drilling rigs have been the bright spot of the global shipbuilding market recently, Hyundai Heavy’s winning of the ultra-large containerships order draws special attentions from the market.

An official at Hyundai Heavy said, “These orders are noteworthy considering the current sluggish shipbuilding market. With the extensive know-how and technology we have accumulated by building more than 500 containerships over the last 40 years, we will continue to build ships tailored to the needs of our clients and the market.


Shipbuilding Tribune Staff, July 3, 2012; Image: hhi