The South Korean Shipping Company Namsung Shipping awarded the shipbuilding contract of two 2,500 TEU container ships to Hyundai Mipo Dockyard. According to the contract, the cost of each vessel is approximately US$41 million.
These vessels are scheduled for delivery before the end of 2023.
After bagging this shipbuilding contract, Hyundai Mipo Shipyard has earned a total of US$4.417 billion approximately this year. The excellent finance report shows the company’s target US$3.5 billion completion at over 126%.
The first largest container vessel in Namsung Shipping
Among Hyundai Mipo Shipbuilding products, feeder container ships is the strongest. This year, Hyundai Mipo obtained 20 orders with a total value of 642 million US dollars.
The order this time from Namsung Shipping marks the largest container vessel in its fleet. Founded in 1953 as the first privately owned shipping carrier in Korea, Namsung Shipping leads logistics innovation in Asia with 20 owned ships, more than 400 trained employees, and a cutting-edge IT system connecting 6 ports in Korea, 34 in Japan, 10 in China, and 7 in intra-Asia.
This is also the second time that Samsung Shipping has ordered a new ship from Hyundai Mipo this year. In June this year, Namsung Shipping ordered a 1,600TEU-class container ship at Hyundai Mipo Shipbuilding at a price of approximately US$30 million, and it is scheduled to be delivered in November 2022.
Since the beginning of this year, Hyundai Mipo Dockyard has received orders for 20 feeder container ships. In addition to the order this time, the shipyard has bagged:
- Sinokor Merchant Marine in May this year. The contract for the construction of 12 1,800TEU-class container ships, with a total contract value of approximately US$360 million;
- In June this year, a 1,600TEU-class container ship was contracted from Namsung Shipping at a price of approximately US$30 million;
- In July this year, the contract for the construction of two 2,800TEU-class container ships was undertaken from the Greek shipowner Euroseas, with a total contract value of approximately US$76 million;
- The construction of three feeder container ships from the undisclosed Oceania shipowner in August this year The total contract value is approximately US$93.91 million.
- Hyundai Mipo Shipbuilding also signed a letter of intent for the construction of 1+2 3,500TEU methanol-powered container ships with the world’s largest shipping company Danish Maersk Group in June this year.