Samsung Heavy Industries confirms Six 22,000 TEUs MSC's Container ship orders

Posted by Daily Shipping Times on 03-10-2017        Tweet

SEOUL: South Korean shipbuilder Samsung Heavy Industries (SHI) has confirmed on 26 September that it has won a contract to build six 22,000 TEU container ships for Mediterranean Shipping Company (MSC), slated for delivery in December 2019.

The total contract value is KRW1.18 trillion (USD983.18 million), working out to USD163.86 million per vessel.

It was initially reported that MSC had booked 11 number of 22,000 TEU ships at Daewoo Shipbuilding & Marine Engineering (DSME). However, sources has confirmed that DSME is building five of the ships, with SHI constructing the other six vessels.

The MSC spokesperson informed about a renewed spree for giant container ship newbuildings just a year after the collapse of Hanjin Shipping.

He said, “A significant number of 13,000-TEU and 14,000-TEU vessels will come off-hire in the coming years and the new order is expected to effectively replace this fleet, rather than substantially increasing MSC’s overall capacity.”

MSC’s orders were confirmed just as its French rival CMA CGM booked nine similar-sized ships at Hudong-Zhonghua Shipbuilding and Shanghai Waigaoqiao Shipbuilding, which are part of the Chinese State-owned China State Shipbuilding Corporation.