Samsung takes lead in ULCS sector with Evergreen order

Malcolm Latarche

Malcolm Latarche · 09 October 2019

ShipInsight


Samsung Heavy Industries (SHI) claims to have taken the lead in the ultra large container ship sector market by bagging orders valued at more than KRW 1 trillion.

This week SHI announced it had clinched a deal worth a total of $920million with Taiwan-based Evergreen Marine Corporation to build six of the world's largest box ships with a capacity in excess of 23,000teu.

The newbuildings are 400m long, 61.5m wide and with a capacity of 23,764teu. The ships’ dimensions and capacity slightly exceed those of the 23,756teu MSC Gulsun delivered by SHI earlier this year.

Gulsan

The Evergreen vessels will feature SVESSEL, a next-generation smart ship system independently developed by Samsung Heavy. They will also be fitted with Energy Saving Devices (ESDs), such as SAVER Fin and Rudder bulb, and feature new hull forms, SHI claims these high-efficient smart ships can reduce fuel consumption by up to 7%.

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SHI's 23,000teu box ships orderbook has now become the world's largest with 14 vessels. "The demand for ultra-large containerships is expected to continue as global ship owners have reduced cost through an economy of scale. Based upon advanced technologies including smart ships and reduced energy consumption as well as new designs for hull forms, Samsung Heavy will keep leading the ultra-large box ships market," said a SHI spokesman.

SHI's year-to-date contract wins stand at $5.1Bn, which meets 65% of its annual target $7.8Bn. It has won 35 vessels of different types, including 14 crude oil tankers, 11 LNG carriers, six container ships, two product carriers, one special ship and one FPSO.

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