Korea Shipbuilding & Offshore Engineering Secures Order for Six Ultra-Large Container Ships Worth a Total of 900 Billion KRW

[Asia Economy Reporter Park So-yeon] Korea Shipbuilding & Offshore Engineering, the intermediate holding company for shipbuilding under Hyundai Heavy Industries Group, has achieved its first large-scale order of the new year.

Korea Shipbuilding & Offshore Engineering announced on the 5th that it recently signed a shipbuilding contract worth approximately 900 billion KRW for six 15,000 TEU-class LNG-powered ultra-large container ships with an Asia-based shipping company.

The ordered ships will be built with four vessels constructed at Hyundai Heavy Industries in Ulsan and two vessels at Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and are scheduled to be delivered sequentially to the shipowner starting from the first half of 2023.

Notably, the ships are equipped with large LNG fuel tanks capable of operating round-trip routes between Asia and Europe on a single charge, and through the use of eco-friendly fuel and an optimized fuel supply system, the operating costs of the vessels have been significantly improved.

A representative from Korea Shipbuilding & Offshore Engineering stated, “Demand for eco-friendly ships is increasing due to strengthened environmental regulations. We will focus our order acquisition capabilities on high value-added, eco-friendly ships such as container ships, which are expected to recover in the market this year, as well as LNG carriers.”

Meanwhile, Korea Shipbuilding & Offshore Engineering has set its shipbuilding order target at 14.9 billion USD for this year.

This content was produced with the assistance of AI translation services.