South Korea: Hyundai Merchant Marine Plans to Order Five 13.100 TEU Container Ships

Hyundai Merchant Marine said on Wednesday that it planned to order five new container ships worth a total of 695 billion won ( approx USD 638.7 million).

Hyundai said in a regulatory filing that the addition of the five 13,100 twenty-foot equivalent unit (TEU) vessels would help improve the competitiveness of its line-up.

Local media reported the order had been placed with Daewoo Shipbuilding & Marine Engineering .

By Ju-min Park (Reuters)