Mitsui O.S.K. Lines (MOL), the largest and oldest of Japan’s international ocean carrier companies, has got the green light for four LNG-powered 20,000 TEU container-ships that have been under construction with Samsung Heavy Industries (SHI).
DNVGL, a registrar and classification society headquartered in Germany, has approved plans for the series of container-ships.
Global regulations on […]
Strikes at Korean yards are becoming more common as anger grows at senior management and the government This photo was taken in September 2015 when workers struck at Hyundai Heavy Industries in Ulsan, South Korea.
Workers at eight of South Korea’s largest shipyards will go on strike on July 20 as a […]
Samsung Heavy Industries set a new record for the world’s largest container ship order this week with the signing of a deal to build six 21,100-teu container ships from OOCL.
The order of six ultra-large container ships from the Hong Kong-based shipping giant was finalised on April 1 and is valued at about US $950-million.
Some new details released by Samsung Heavy Industries about OOCL’s recent order for ultra-large container ships reveals that the mega ships will be a record-breaking 21,100 TEU.
At 21,100 TEU capacity, the vessel’s are the largest ever ordered to date and the first to break the 21,000 TEU mark as the world’s largest […]
France’s CMA CGM SA is in talks to build at least three container megaships, joining the race among the top container operators that already use such vessels to increase their market share on the world’s busiest trade routes, people with knowledge of the matter said Tuesday.
The ships would be able to carry around 20,000 […]
Unionized workers of Hyundai Heavy Industries endorsed a strike over wage and benefits, threatening to halt production at the world’s largest shipbuilder for the first time in 20 years. Shares of Hyundai Heavy slumped 3.4% in recent trading. The KOSPI Index was down 0.1%. Its competitor Samsung Heavy Industries (010140.KS) fell 2.7%.
Korean shipbuilders are […]
Two Hong Kong ship management companies contacted by the South China Morning Post said the tail shaft was custom-made for each vessel so it was difficult to estimate the cost of repairs. But they said repairs could cost up to at least US$2.25 million, which should be covered by Samsung’s insurers.
A massive containership that […]