View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 5, 2021

Samsung Heavy Industries secures order worth $205m for container ships

Samsung Heavy Industries has secured an order for two 13,000 twenty-foot equivalent unit (TEU) container vessels from a client in Oceania.

Samsung Heavy Industries has secured an order for two 13,000 twenty-foot equivalent unit (TEU) container vessels from a client in Oceania.

The value of the order is nearly $205m, reported Business Korea.

The vessels will be supplied in a sequence, starting in the first quarter of 2023.

The new vessels are environmentally friendly as they are equipped with a ballast water treatment system (BWTS) and a selective catalytic reduction (SCR) device to reduce the emission of nitrogen oxide.

For increased operational efficiency, the vessels will also feature numerous energy-saving technologies and a smart ship solution called SVESSEL.

A company official said: “We expect container ships to lead the new shipbuilding market in the first half of 2021 due to a recovery in cargo volume and a spike in freight rates. We will step up our efforts to win more orders by harnessing our strengths – rich experience in building mammoth-sized container ships and green ship technologies.”

Last month, the company secured a similar order for two large container ships worth a total of $204m from a client in Oceania.

The vessels are scheduled to be delivered by December 2022.

The ships will be able to transport up to 13,000ft of containers each in a single voyage.

Moreover, the vessels will also feature selective catalytic reductions (SCRs), the Ballast Water Management System (BWTS), smart ship solution SVESSEL, and other energy-saving devices.

So far this year, the company has received $600m worth of orders, including one liquefied natural gas (LNG) carrier and four container vessels.

It constitutes approximately 8% of the company’s order-receiving goal of $7.8bn for 2021.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology