Hyundai Heavy wins $700M order for jumbo ships

Home > Business > Industry

print dictionary print

Hyundai Heavy wins $700M order for jumbo ships

Hyundai Heavy Industries, the world’s No. 1 shipbuilder, said it has won a $700 million order for jumbo vessels.

Under the deal with China Shipping Container Lines, the Korean shipbuilder will deliver five 18,000 TEU, or 20-foot equivalent unit, container carriers starting in the second half of 2014.

Each container carrier will be 400 meters (1,310 feet) long, 58.6 meters wide and 30.5 meters high. The size of a ship is four times bigger than a soccer field according to Hyundai Heavy Industries.

This is the second time this year that Hyundai Heavy Industries has won a contract for building jumbo container ships measuring 10,000 TEU or larger.

In January, it won an order for five 14,000-TEU ships for Vancouver-based Seaspan.

Hyundai Heavy Industries aims to win orders valued at $23.8 billion in offshore plant businesses this year, and it has already met 41 percent of its goal by securing $9.7 billion in orders.

More in Industry

Volvo XC60 ranks No. 1 for residual value in Encar study

Binggrae to scoop up ice cream competitor after FTC approves merger

LG accepting orders for rollable, $85K television

Shinsegae Group chair passes down shares to children

This Chuseok, the gift sets are meaty, boozy and pricey

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now