Korea Shipbuilding Clinches $529m Deal for 7 Vessels

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  • Korea Shipbuilding has received a combined 582 billion won (US$529 million) in orders to build several ships.
  • The company has signed several deals with unidentified shippers in Europe to build seven ships.
  • The container carriers and LPG ships will be delivered from the second half of 2022, while the PC vessel will be delivered in the first half of 2022.

Korea Shipbuilding & Offshore Engineering Co., the world’s leading shipbuilding group, has received a combined 582 billion won (US$529 million) in orders to build several ships, reports Yonhap News Agency.

Multi vessel contract from Europe

The Korean shipbuilder said it has signed the contract to build four 13,200-twenty-foot-equivalent-unit container vessels, two 40,000-square-meter liquefied petroleum gas carriers and one product carrier, for the companies in Europe, unidentified.

The four container vessels, which are 335 meters in length, 51 meters in width and 27.3 meters in height, will be produced by Hyundai Samho Heavy Industries, and delivered to the purchasers by the second half of 2022, the company said.

Energy solutions to reduce emissions

According to Korea Shipbuilding, the container ships have been designed with twice the freezing container space, meeting the global market trend. The vessels have also been equipped with Hi-PSD, an energy solution, to reduce CO2 emissions by 3% and raise the cost efficiency by 6%, the company added.

There are inquiries about various types of vessels, and we may win additional orders this year,” an official from Korea Shipbuilding & Offshore Engineering said. “We will reinforce our foothold in the market with advanced technologies to reflect the global trend.”

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Source: Yonhap News Agency

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