Friday, August 12, 2011

Hyundai wins 5,000TEUs

Container Carriers Corp, the recently-launched boxship offshoot of shipowner Evangelos Marinakis’ Capital Maritime group, has firmed up a fifth containership newbuilding at South Korea's Hyundai Heavy Industries and is looking at further expansion in the sector.

The series order for 5,000 teu units at Hyundai three months ago was originally structured as four firm vessels and three separate pairs of options, adding up to a potential project of up to 10 vessels in all.

The fifth vessel appears to have been negotiated with HHI as a result of a five-vessel charter with Korean liner operator Hyundai Merchant Marine.

A containership broker said that HMM has tied up the five ships at a daily rate of $29,900 for “in excess of 10 years”.

Delivery dates for the first four vessels run from November 2012 to April 2013.

Brokers have reported a newbuilding price of about $60m each for the vessels.

Published : August 12, 2011



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