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DSME WIns Order for Five Mega Ships
South Korean shipbuilder Daewoo Shipbuilding & Marine
Engineering has secured an order for five new container ships set
for delivery next year. The contract is worth KRW 903.9 billion
(about USD 762 million), DSME said in a stock exchange filing.
DSME announced the order without naming the buyer. But according
to a WSJ report, Mediterranean Shipping Co.(MSC) is the company
that placed order for five giant container ships in a new sign
that ocean cargo carriers are building up their capacity despite
falling freight rates and weak trade growth.
The report said that the Geneva-based MSC, the world's
second-largest container shipping carrier by capacity, exercised
an option to buy the vessels as part of a previous order.
However, the shipbuilder has not disclosed any details on the
owner of the newbuilds. Brokers indicate they will be
scrubber-fitted 23,000 teu units,
The ships, described by DSME as "ultra large container vessels"
are expected to be delivered by the end of August 2021.
Daewoo Shipbuilding posted sales of 4.2 trillion won and an
operating profit of 394.4 billion won in the first half of the
year, said a report in Yonhap.
Oct 15, 2019
