Samsung Heavy Secures Smart Mega Ship Order from Evergreen

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Samsung Heavy Industries Co., a major South Korea shipbuilder bagged a US$920 million order to build six of the world’s largest container ship, reports The Korea Times.

Deal to build world’s largest container ship

Samsung Heavy CEO Nam Joon-ou and Evergreen Marine Corp. Chairman Anchor Chang signed the deal on building six 23,000 TEU container ships. Evergreen is a Taiwanese shipping company.

The ships will be the world’s largest container ships, which can carry 23,764 six-meter containers at once. 

Currently, the world’s largest container ship, which was delivered by Samsung Heavy in July, can carry 23,756 containers at once.

Efforts to reduce cost

Following the deal, Samsung Heavy has fourteen 23,000 TEU container ships in its order book, which is the largest number among global shipbuilders.

“The demand for ultra-large container ships is expected to continue as global ship owners are making efforts to reduce costs through economy of scale,” a Samsung Heavy official said. 

“Based on advanced technologies including smart ships and improved energy consumption, Samsung Heavy will keep leading the ultra-large box ships market.”

Samsung Heavy’s other orders 

Samsung Heavy has won 35 orders worth $5.1 billion so far this year, meeting 65 percent of its annual target of $7.8 billion. 

The orders include 14 crude oil tankers, 11 LNG carriers, six container ships, two product carriers, one special ship and one floating production storage and offloading (FPSO) unit.

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Source: The Korea Times

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