Hual Increases PCTC Order to 7 Ships

Thursday, December 18, 2003
HUAL, the Ro/Ro vehicle carrying unit of Leif Höegh & Co, has placed an order for two additional car carriers (PCTC) with Daewoo Shipbuilding & Marine Engineering for delivery in 2006 and 2007 respectively. The vessels will have capacity to carry some 6100 cars and 7 similar vessels are now ordered from Daewoo. The first 5 vessels are scheduled for delivery in 2004 and 2005. The contract includes options for further vessels The order forms part of the renewal of HUAL's fleet and HUAL is experiencing a substantial demand for flexible PCTC vessels capable of carrying high and heavy cargo in addition to factory new- and second hand cars. The vessels are designed with four liftable decks (plus 8 fixed decks) and 150 tons capacity on the main ramp. Karl Terjesen, President of HUAL says: We find this design and size of vessel to be optimal in many trades. By employing flexible vessels we can optimize cargo mix and capacity utilization and meet cargo owners' demand for frequency. HUAL is among the top five global car carrier operators and will operate a fleet of more than 50 vessels including these 7 newbuildings and another 5 new vessels on long term charter from 2003 and 2004. HUAL operates in a network of trade systems from the main export areas for new cars in the Far East, USA and Europe. HUAL expects that vehicle exports from Japan and Korea will remain strong in the years ahead, while China may develop into a major exporter and importer of Ro/Ro cargo in the future.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only,

Costa Concordia Arrives Genoa for Demolition

Crowley Maritime Corp. subsidiary TITAN Salvage and project partner Micoperi has confirmed that the Costa Concordia – the Concordia-class cruise ship that wrecked off Giglio Island,

Cruise Ship Trends

Port Canaveral Initiates FDLE Probe

As a result of an internal investigation prompted by concerns raised from employees and in follow-up to prior internal suspicions, the Canaveral Port Authority

ISS's Innovative Series of New Travel Apps for Cruise Industry

Inchcape Shipping Services (ISS) the world’s leading maritime services provider, has launched an innovative series of travel apps for the cruise industry in Greece,

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1017 sec (10 req/sec)