Quantcast

Hyundai wins order for world’s biggest container ship

A ship being being built at Hyundai Heavy Industries shipyard in Ulsan in this file photo. The South Korean shipbuilder said Monday it had won a $700-million deal to build the world’s largest container ships for China Shipping Container Lines. AFP PHOTO/ FILES/KIM JAE-HWAN

SEOUL—South Korea’s Hyundai Heavy Industries said Monday it had won a $700 million deal to build the world’s largest container ships for China Shipping Container Lines.

Under the deal signed with China’s No. 2 shipper, the world’s largest shipbuilder will build five vessels, each capable of carrying 18,400 TEU (20-foot equivalent unit) container boxes, Hyundai said in a statement.

The ships will be the world’s largest, breaking the previous record of another South Korean firm, Daewoo Shipbuilding and Marine, which won an order in 2011 to build 20 18,000 TEU container ships for Denmark’s A.P. Moeller-Maersk.

Delivery of the mega-vessels will begin in the latter half of 2014, Hyundai said. Each ship will boast a 400-meter-long deck, and stand 58.6 meters wide and 30.5 meters high.

They will feature electronically controlled main engines that automatically adjust fuel consumption in line with sailing speed and sea conditions, helping to improve fuel efficiency, reduce noise and cut emissions.

The deal takes the value of Hyundai Heavy’s order book so far this year to $9.7 billion, about 40 percent of its annual target of $23.8 billion.


Follow Us







Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

  • mangtom

    This Jutayutin is expert in brutalizing proper nouns such as Tagalogs-Tagaleglegs, Japan-Japland, Kayumanggi-kayumangmang. He has not made any derogatory reference to China or Chinese. Does that mean that he is Chinese? He probably uses his log in name as a ruse. But if he is Visayan, which I doubt very much as I have tons of Visayan friends and acquaintances who are decent foliks, then he is, indeed, a confused soul.

  • DakuAkongUtin

    SK and China are one in business. Japland is no longer the no 1 shipbuilder, unfortunately.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement
Marketplace