HJ Shipbuilding wins $240 million order for 2 container ships

This photo provided by HJ Shipbuilding & Construction Co. on Thursday shows a container ship built by the shipyard. (HJ Shipbuilding & Construction Co.)

BUSAN – South Korea’s HJ Shipbuilding & Construction Co. said on Thursday it landed a $240 million order to build two eco-friendly container ships for a European shipper.

HJ Shipbuilding & Construction said it would build the 7,700 twenty-foot equivalent container ships with dual-fuel liquefied natural gas engines at its shipyard in this southeastern port and deliver them to the undisclosed shipping company at from the end of 2024.

HJ Shipbuilding & Construction, formerly Hanjin Heavy Industries & Construction Co., said the contract contains an option to build two more container ships of the same size.

If the option goes into effect, HJ Shipbuilding & Construction’s container ship order book would increase to 10 ships, with this year’s order value reaching 800 billion won ($616 million), more than half of its annual objective.

The shipyard received a $150 million order to build two 5,500 TEU container ships for a European shipper in March this year, about five months after it was awarded a $261 million contract to build of four container ships for the same company.

In April 2021, a consortium led by local builder Dongbu Corp. acquired a majority stake in Hanjin Heavy Industries & Construction from the latter’s creditors led by the state-run Korea Development Bank. (Yonhap)

Comments are closed.