Logo of Phnom Penh Post newspaper Phnom Penh Post - Korea Shipbuilding clinches $526M deal from Europe

Korea Shipbuilding clinches $526M deal from Europe

Content image - Phnom Penh Post
Hyundai Heavy Industries delivered a 13,800-TEU container ship to Greek shipowner Enesel. Korea Shipbuilding

Korea Shipbuilding clinches $526M deal from Europe

Korea Shipbuilding & Offshore Engineering on December 21 said it had clinched a deal worth 582 billion won ($526 million) for seven vessels with European shipping companies.

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

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

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 three per cent and raise the cost efficiency by six per cent, the company added.

An official from Korea Shipbuilding & Offshore Engineering said: “There are inquiries about various types of vessels, and we may win additional orders this year.

“We will reinforce our foothold in the market with advanced technologies to reflect the global trend.”

According to Clarksons Research’s September report, purchases of container vessels have been depressed in recent months due to the reduced cargo volumes affected by the Covid-19 pandemic.

But the market is bouncing back, and the analysis agency forecasted that global purchases of container ships would grow by about 72 per cent to 187 units next year, from this year’s 109 units.

THE KOREA HERALD/ASIA NEWS NETWORK

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Is Cambodia’s travel sector in for another cheerless holiday season?

    The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be