Hyundai to Build Biggest Container Ship for China

Posted: May 7, 2013  |  By: Hurriyet Daily News

South Korea’s Hyundai Heavy Industries said yesterday that it had won a $700 million deal to build the world’s largest container ships for China Shipping Container Lines.

Under the deal signed with China’s number two shippers, the world’s largest shipbuilder will build five vessels, each capable of carrying 18,400 TEU (20-foot equivalent unit) container boxes, Hyundai said in a statement. The ships will be the world’s largest, breaking the previous record of another South Korean firm, Daewoo Shipbuilding and Marine, which won an order in 2011 to build 20 18,000 TEU container ships for Denmark’s A.P. Moeller-Maersk.

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