Greek shipping company TMS Group, owned by George Economou, has placed an order for four 7,900 TEU containerships to be constructed at HJ Shipbuilding’s Yeongdo Shipyard in Busan. These vessels are designed to prioritize sustainability and efficiency, reflecting the industry’s shift toward eco-friendly maritime solutions.
Key Features of the Vessels
- Dimensions and Capacity:
- Length: 272 meters
- Width: 42.8 meters
- Speed: 22 knots
- Innovative Design:
- Twin-Island Configuration: Separates living quarters from the engine room, with living spaces centrally located for enhanced safety and maximized container capacity.
- Fuel Efficiency: Optimized design to lower operational costs and improve performance.
- Eco-Friendly Technologies:
- SOx Emission Compliance: Equipped with scrubbers to adhere to IMO regulations.
- Methanol-Ready: Prepared for future carbon-neutral operations, aligning with global decarbonization goals.
Contract Details
- Value: KRW 606.7 billion (approx. $429 million)
- Delivery Timeline: Progressive deliveries starting in 2026
- Industry Trend: Increasing demand for modern, sustainable vessels due to higher shipping rates, stricter regulations, and replacement of ageing fleets.
HJ Shipbuilding’s Role in Innovation
HJSC is leveraging advanced technologies, including LNG dual-fuel and carbon capture-ready ships, to cater to the rising demand for sustainable shipping solutions. This contract follows a similar June 2024 deal for four methanol-ready containerships with another European client.
HJSC Official Statement:
“Our expertise in container shipbuilding, combined with eco-friendly innovations, enabled this agreement to meet the shipowner’s needs.”
Maritime Market Insights
- Rising Costs: Vessel prices have surged over 30% in two years, driven by high demand and competitive pressures.
- Future Prospects: Orders for eco-friendly ships are expected to continue growing as the industry embraces green technologies to comply with global regulations and reduce emissions.
These vessels represent a significant step toward sustainable maritime operations, aligning with the industry’s long-term goals of reducing its environmental footprint.
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Source: OFFSHORE ENERGY
