20 Boxship Giants Contracts

South Korean shipping company Hyundai Merchant Marine has signed contracts for its twenty eco-friendly mega containerships with three shipyards.

According to deals, signed on September 28, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries will build seven and five 23,000 TEU containerships, respectively, which are expected for delivery in 2020.

Hyundai Heavy Industries will construct eight 15,000 TEU containerships to be delivered in the second quarter of 2021.

The long-expected order for the containership giants first surfaced  last year. At the time, HMM unveiled plans to start a selection of shipyards by sending out its Request for Proposal (RFP) to shipbuilding companies in April 2018.

If the shipbuilding process proceeds smoothly followed by the selection of the shipbuilder, all the new vessels will be sequentially delivered in the right time to prepare for the 2020 environmental regulations.

The fleet investment, aimed at boosting the shipping line’s competitiveness, is part of South Korean government’s 5 Year Plan for Rebuilding Korean Shipping.

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The vessel is the first from the batch of five boxships Taiwan’s shipping firm Yang Ming Marine.

The cotainership giant is the 16th 14,000 TEU vessel to join Yang Ming’s global container fleet.

The new ship is designed with a capacity 14,220 TEU and It features a length of 360 meters and a beam of 51 meters.

Yang Ming informed that it plans to deploy the new ship in THE Alliance’s MD2 service as of October 5. The ports of call are in the following order: Pusan–Qingdao–Ningbo–Shanghai–Kaohsiung–Shekou–Singapore–Piraeus–La Spezia–Genoa–Fos Sur Mer–Piraeus–Singapore–Hong Kong–Pusan.

The company added that, with the newbuilding, it will gain more strength in the competitive market through this robust network and deliver more efficient and comprehensive services.

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