Korean Shipyard Wins US$600-million Seaspan Order

Press Release
Tuesday, January 15, 2013
HHI/Seaspan Signing Ceremony: Photo credit HHI

Hyundai Heavy Industries (HHI) wins the order for five 14,000 TEU container ships, with a contract option for 5 more.

The ultra-large container ships, measuring 368 m in length, 51 m in width, and 30 m in depth, are scheduled to be delivered from 2015. Upon delivery, the vessels will be charted by Seaspan Corp. to the Taiwan’s Yang Ming Marine Transport Corp on a long-term contract.

The container ships will feature an electronically-controlled main engine and HiBallast seawater treatment system. The electronically-controlled main engine will maximize fuel efficiency, reduce noise, vibrations, and carbon emissions by automatically controlling fuel consumption to suit sailing speed and sea conditions.
The HiBallast system is a seawater treatment system HHI developed in 2011. HiBallast can treat 8,000 cbm of seawater per hour by filtering and sterilizing bacteria and plankton bigger than 50 µm through electrolysis.
In 2013, Hyundai Heavy set an annual new orders target of USD 29.7 billion, 52.3% up from a year earlier, and aims to achieve sales of KRW 26. 9 trillion (USD 25.4 billion), 7.1% up against the previous year.

In the photo: (Mr. Lee Jai-seong (fourth from left), president & CEO of Hyundai Heavy; Mr. Gerry Wang (fifth from left), CEO & co-chairman of Seaspan Corp.; Mr. Kyle Washington (sixth from left), co-chairman of Seaspan Corp.).


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