Hanwha to bag up to $2.2 bn container ship order from Maersk

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Hanwha Ocean has agreed with Maersk to build six 16,000-twenty-foot equivalent unit (TEU) class liquefied natural gas (LNG) dual-fueled container ships priced about $220 million each with an option to manufacture four such vessels more, according to the world’s largest shipping news service TradeWinds.

The prices of 22,000-24,000 TEU container ships averaged $272 million per unit in July, higher than $262.5 million per vessel for LNG carriers with a capacity of 174,000 cubic meters.“Hanwha has secured fewer orders by the first half than its competitors while focusing on the reorganization after the takeover last year, raising concerns over idle docks,” said an industry source in Seoul.

The group acquired Daewoo for 2 trillion won ($1.5 billion) in 2023.“The company is poised to fill its docks by winning container ship orders in the second half.” HAPAG-LLOYDHanwha Ocean aims to bag another container ship deal from Hapag-Lloyd, the world’s fifth-biggest shipping company.

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Article Details

Category: Economy

Markets: South KoreaChina

Topics: Hanwha Container World’s Vessels Ships Ocean Company Shipbuilding Shipping Order Ship

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 17:29:34 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 426 words

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Copyright Owner: © Korea Economic Daily

News ID: 22317942

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