HD Hyundai Samho, Wan Hai sign LOI for methanol-powered ships

Quick Summary:

South Korea's HD Hyundai Samho secured a potential order for four methanol dual-fuel container ships from Taiwan's Wan Hai Lines, according to the company.

Industry sources attributed the recent surge in methanol container ship orders to Chinese shipbuilders, not due to technological superiority but to full order books at Korean yards.

The strong demand for container ships extends beyond top-tier shipping companies, with even smaller players placing substantial orders, shipping industry sources explained.

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Article Details

Category: Economy

Markets: South KoreaTaiwan

Topics: Companies Four Korea Hyundai Sources Industry Container Order Samho Methanol Ships

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 11:22:21 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 186 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 22092378

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About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

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Year Established: 1964

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News Last Updated: 3 hours ago

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