Tuesday, October 15, 2019
Samsung Heavy Industries Signs US$920 Mil. Deal with Evergreen Line
An Order for 6 23,000-TEU container ships
Samsung Heavy Industries Signs US$920 Mil. Deal with Evergreen Line
  • By Michael Herh
  • October 9, 2019, 09:40
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Nam Joon-woo (right), president of Samsung Heavy Industries, shakes hands with Anchor Chang, chairman of Evergreen Line, after signing a contract to supply six 23,000-TEU container ships to the Taiwanese shipping company.

Samsung Heavy Industries has won a one-trillion-won order for large container ships.

Samsung Heavy Industries announced on Oct. 8 that it received a US$920 million order to build six 23,000-TEU container ships from Taiwan's shipping company Evergreen Line. A 23,000-TEU container ship will be the world’s largest container ship when it is built.

The 23,000-TEU container ship is 400 meters long, 61.5 meters wide and 33.2 meters tall. The mammoth-sized container ship will be able to carry 23,764 20-foot container boxes at once. As a result, Samsung Heavy Industries renewed its own record of building the world's largest container ship (23,756 container boxes) which it delivered to Swiss MSC of Switzerland in July.

This contract proved Samsung Heavy Industries’ quality competitiveness in the large carrier market. It boosted the company’s order receipts of 23,000 TEU container ships to 14 units, the largest number for a shipbuilder.

At the same time, the contract has brought the shipbuilder closer to attaining its annual order goal. The company has received orders worth US$5.1 billion so far this year, achieving 65 percent of its target of US$7.7 billion for 2019. It has received orders for 14 crude oil carriers, 11 LNG carriers, six container ships, two petrochemicals carriers, one special vessel, and one FPSO.