#stayhome Maintain the distance, wash your hands, and follow instructions from the health authorities.

POST Online Media Lite Edition


Hyundai to build world's biggest container ship

Staff writer |
South Korea's Hyundai Heavy Industries won a $700 million contract to build the world's largest container ships for China Shipping Container Lines.

Under the deal signed with the second bigger China's 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. Each ship will have a 400 metre long deck, will be 58.6 metres wide and 30.5 metres high. Delivery of the mega-vessels will begin in the latter half of 2014.

The ships 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. The company plans to book $23.8 billion during the whole year.

What to read next

Maersk Triple-E came to Russia' Vostochny
Hyundai E&C-led consortium wins $2.93 billion deal from Kuwait
Hyundai Rotem wins $316m train-supply deal from Turkey