|
|
|
|
|
|
|
International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
|
|
|
|
|
International Shipping |
|
| S Korean shipbuilder and ONE on the verge of signing US$2.64 billion deal |
|
Date:2025-05-28 Readers:
|
SOUTH Korea's HD Hyundai Heavy Industries is reportedly in final negotiations with Ocean Network Express (ONE), Japan's largest shipping company, for a container ship supply contract worth KRW3.6 trillion (US$2.64 billion).
Container ships were dominated by Chinese shipyards last year, with a market share of 86.6 per cent.
However, as France, Greece, Taiwan, and now Japan, turn to Korean shipyards, attention is focused on whether Korea will reclaim the throne in the container ship market.
BusinessKorea, citing TradeWinds, reported that HD Hyundai Heavy Industries is negotiating with ONE to secure orders for up to twelve 16,000 TEU liquefied natural gas (LNG) dual-fuel (DF) container ships.
Eight ships are likely to be confirmed orders, with four as options. The price per ship is $220 million making it the largest order from a single shipping company since HD Korea Shipbuilding & Offshore Engineering received an order for twelve container ships (KWR3.716 trillion) from French shipping company CMA-CGM in January this year.
It is the first time since 2023 that a Japanese shipping company has ordered container ships from a Korean shipyard, making it particularly significant.
ONE, Japan's largest and the world's sixth-largest shipping company, has been ordering ships from both Korean and Chinese shipyards, but China's share in their order backlog reached 58 per cent.
The last time a Japanese shipping company entrusted container ships to Korea was when ONE ordered ten 13,800 TEU methanol DF container ships from HD Hyundai Heavy Industries in 2022-2023. Since 2024, Korean shipyards have not received a single order for Japanese container ships.
https://www.shippingazette.com/news?news_id=9250500000844
|
|
Back:
Seaspan returns to Hudong-Zhonghua for more 8,300 TEUers
Next:
US president threatens EU and Apple with trade tariffs
|
|
|
|
|
|
|
