Samsung Heavy wins bid to build larger container vessel

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Samsung Heavy wins bid to build larger container vessel

Samsung Heavy Industries said Wednesday it has won a contract to build six 21,100 TEU (20-foot-equivalent unit) container vessels for $950 million from Orient Overseas Container Line Limited.

It will be the world’s largest container vessel when it is completed.

The company set a record back in March by obtaining a contract to build four 20,100 TEU container vessels from Japanese business Mitsui O.S.K. Lines. The new vessel the company will build is the same size as the 20,100 TEU vessel at 400 meters (1,312 feet) long and 58.8 meters wide, but the new design will allow them to load 1,000 more 20-foot-long containers on deck. The ship will be delivered by November 2017.

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