Hyundai Heavy Industries of Korea has been awarded a contract from China Shipping Container Lines (CSCL) to construct five 18,000TEU ultra large containerships, which are due for delivery in early 2015.
Newbuilding price is reportedly equal to around $140m each. Large Korean shipbuilders including Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries and etc. along with Chinese shipyards are said to have participated in the bid for the newbuilding project, however Hyundai was chosen being the best bidder both in terms of ship value and delivery conditions.
Hyundai faces a busy period ahead with its new orders, having already inked a contract with Seaspan for construction of five 14,000TEU very large containerships, costing $120m each.
Meanwhile, proceeding with service cooperation for 18,000TEU with CSCL, the Middle East-based shipping company United Arab Shipping Company (UASC) is said to be in talks with shipyards in Korea, China and Japan for a deal to construct five 18,000TEU with other five 14,000TEU newbuildings.
UASC is expected to choose preferred bidders within May and enter negotiations for ship prices, classifications and so on.
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