HD KSOE secures $1.8 bn in container ship orders

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The story "HD KSOE secures $1.8 bn in container ship orders" was covered 11 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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HD KSOE secures $1.8 bn in container ship orders - Korea Economic Daily

Quick Summary:

HD Korea Shipbuilding & Offshore Engineering Co.(KSOE) has secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) last week as global ocean carriers are turning to South Korean shipyards to avoid heavy duties the US government is mulling against Chinese ships.

The intermediary holding company of the world’s largest shipbuilder HD Hyundai Heavy Industries Co., said in a regulatory filing on Monday that the container carriers range in size from 1800 twenty-foot equivalent unit (TEU) to 2800 TEU, 8400 TEU and 16000 TEU.

With the latest contract, Hanwha Ocean’s total orders for the year have reached 14 ships, including two liquefied natural gas (LNG) carriers, six ultra-large container ships and six VLCCs.