SEOUL: Maersk Line is said to have reached an agreement with Daewoo Shipbuilding & Marine Engineering (DSME) for an order of up to 11 mega container ships with a capacity of around 20,000 TEU.
According to The Wall Street Journal, the price for each is expected to be a record low of around $151 million each.
With this order, expected to be officially announced this month, South Korean shipyards increase their lead in the mega container market for ships exceeding 20,000 TEU. However, the nation faces growing competition from Japan.
So far, similar-sized vessels have been ordered with South Korean yards Samsung Heavy Industries (SHI) and the Philippines’ Subic Shipyard of Hanjin Heavy Industries, while Japan’s Imabari Shipbuilding has also secured an order.
SHI was the first South Korean shipyard to win an order, and the company has now received orders for 10 vessels including the largest vessel to date of 21,100 TEU.
HHIC’s Subic Shipyard has been contracted build three ultra-large 20,600 TEU container ships from CMA CGM. HHIC’s Subic Shipyard is capable of building two 20,000 TEU container ships at the same time with what the company claims is the world’s largest dock (550 meters (1,800 feet) in length, 135 meters (442 feet) in breadth).
Shipping activity at Port Qasim on February 11
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