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March 16, 2017

Samsung builds new containership for Mitsui OSK Lines

South-Korea's Samsung Heavy Industries (SHI) has completed construction on the first of four ultra-large container ships for Japanese shipping company Mitsui OSK Lines (MOL).

South-Korea's Samsung Heavy Industries (SHI) has completed construction on the first of four ultra-large container ships for Japanese shipping company Mitsui Osk Lines (MOL).

The new 20,150 twenty-foot equivalent unit (TEU) vessel is named MOL Triumph and is now the largest containership in the world, featuring a length of 400m, a width of 58.8m and a draft 32.8m.

Construction of the vessel commenced in January last year.

The eco-friendly ship also features various types of energy-saving equipment, including a propeller, stator and rudder valves designed by SHI.

MOL Triumph will be delivered to its owner by 27 March after preparation for its maiden voyage has been completed.

SHI also expects to deliver ten 20,000TEU containerships to various customers by the end of this year.

"The new 20,150 twenty-foot equivalent unit vessel is named MOL Triumph and is now the largest containership in the world."

The company previously won a $175m (KRW200bn) contract in September from LNG operator GasLog for the construction of a 180,000m³ LNG carrier. The deal also includes an option for one more vessel.

The new carrier will feature the latest Mark V cargo containment system, which reduces boil-off rates within LNG membranes.

SHI then secured a $210m (KRW240bn) order to build four new tankers for from Norway’s Viken Shipping the following month. The tankers are expected to be delivered by next year.

The contract also includes a pair of suezmaxes and two aframax vessels.


Image: MOL’s new 20,150TEU containership. Photo: courtesy of Samsung Heavy Industries.

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