By Kyong-Ae Choi
SEOUL--Hyundai Heavy Industries Co. (009540.SE) said Monday that
it had received a $700 million container ship order from China
Shipping Container Lines Co. (2866.HK), taking a step closer to its
annual order target in the shipbuilding and offshore facility
business.
Hyundai Heavy will deliver five 18,400 20-foot equivalent unit,
or TEU, container carriers to CSCL starting from the second half of
2014, the world's largest shipbuilder by orders said in a
statement.
The container ships, the biggest of their kind, carry 18,400
containers per vessel and are fitted with an electronically
controlled main engine and two EcoBallast seawater treatment
systems that help maximize fuel efficiency, said the statement.
The 18,400 TEU ship will make CSCL operator of the world's
largest container vessels, followed by A.P. Moeller-Maersk (AMKBY),
which operates 18,000 TEU vessels. Maersk ordered 20 18,000 TEU
container carriers from Daewoo Shipbuilding & Marine
Engineering Co. (042660.SE) for $3.6 billion in 2011 and delivery
begins next month.
With the order, the company has reached 61% of its annual target
of $13.8 billion worth of orders in the shipbuilding and offshore
facility businesses--$3.2 billion in shipbuilding and $5.2 billion
in offshore facilities.
Write to Kyong-Ae Choi at kyong-ae.choi@dowjones.com
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