SHI Receives Order Worth USD 750 Mn for 8 Containerships

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Samsung Heavy Industries announced today that it has received an order from an Asian owner to build eight 12,000 TEU containerships for around 820 billion KRW.

The Neo-panamax containerships will be built for the Asia-North America route. The vessels are 334m in length and 48.4m in breadth, to be delivered by May 2021.

SHI’s order total for 2018 has reached 1 trillion KRW as of now, including another recent order for a LNGC at around 210 billion KRW, well on the way to the yearly order target (of USD 8.2 billion).

The company said in a statement, “SHI believes the growth in seaborne trade and environmental regulations would lead to more commercial vessel newbuilding orders.

“SHI has an outstanding track record in LNG carriers, containerships, as well as offshore facilities where SHI dominates the market since 2015. SHI will differentiate from competitors with classs leading risk management and market leadership in North Sea, West Africa, and Australia where new projects are underway.”

Sea News, February 8