Tuesday, February 18, 2020
Hyundai Heavy Industries Group Lands Orders for 6 Vessels Worth 340 Bil. Won
Order Receipts Total US$12 Bil. in 2019
Hyundai Heavy Industries Group Lands Orders for 6 Vessels Worth 340 Bil. Won
  • By Michael Herh
  • December 27, 2019, 11:11
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A container ship built by Hyundai Mipo Dockyard

Hyundai Heavy Industries Group has landed orders for six vessels worth 340 billion won in total, including a very large crude carrier and medium-sized container ships.

Hyundai Mipo Dockyard announced on Dec. 26 that it has signed a contract with Evergreen of Taiwan to build four 1,800-TEU vessels for 119.4 billion won. Hyundai Samho Heavy Industries, another shipbuilding arm of Hyundai Heavy Industries Group, also announced that it has received an order from an Asian client for two mammoth-sized oil tankers worth 218.8 billion won.

Each of the container ships ordered by Evergreen is 172 meters long, 27.4 meters wide and 14.3 meters tall. They will be built at the yard of Hyundai Mipo Dockyard in Ulsan, Korea and will be delivered one by one starting 2021.

In particular, the container ships will be built based on the “Con-Green” design developed by Hyundai Mipo Dockyard jointly with MAN-ES and DNV GL. The design is intended to maximize operational and economic efficiency of mid-sized container ships. The company began to develop it in 2016 to cope with strengthening global environmental regulations. The design improves a ship’s operating efficiency by up to 16 percent through an optimized design of hulls and propellers.

Hyundai Mipo Dockyard began to take orders for medium-sized container ships based on the advanced design last year and has been leading the market in this field by winning orders for 32 ships.

Hyundai Heavy Industries Group received orders for 135 ships worth US$12 billion in 2019, including 22 container ships, 29 crude oil carriers, 36 PC ships, 23 LNG ships, and 17 LPG ships.