Tag: Hanjin Shipping

For construction of 56 vessels Hanjin Heavy Industries and Construction-Philippines has won contracts worth a total of US$4.8 billion for the construction of 56 vessels, including 36 bulk carriers, according to Manila Bulletin. The remaining vessels will comprise 14 container ships and six tankers.Of the bulk carriers, seven will have a capacity of 175,000DWT, eighteen 180,000DWT, and eleven will be 205,000DWT, said Hanjin's general manager for external business, Tae Kyun Yoo. Four of the container ships will be 3,600TEU vessels, two will be 3,800TEU, and eight will be 12,800TEU. All 56 ships will be built at Hanjin's Subic shipyard.Source: World Maritime News

deliveries from first quarter 2012 into 2013 South Korea's Hanjin Shipping is to take delivery of five 13,000-TEU ships for a total of US$850 million, or $170 million apiece from an undisclosed shipyard with deliveries from first quarter 2012 into 2013.The original order followed a deal in 2008 with a non-operating shipowner for the postpanamax vessels to be taken on charter for Hanjin. The purchase will improve cost structure through the expansion of its line-up, said the Korean carrier, according to Reuters.Source: Shipping Gazette

Expanding its operational fleet Danaos Corporation (NYSE: DAC) a leading international owner of containerships, announced that on March 10, 2011 and April 6, 2011, it took delivery of two newly built containerships, the Hanjin Germany and the Hanjin Italy, expanding its operational fleet to a total of 53 containerships aggregating 243,529 TEU.The Hanjin Germany and the Hanjin Italy, built at Hyundai Samho Heavy Industries Co. Ltd, both have a carrying capacity of 10,100 TEU, are 349 meters long, 45.6 meters wide and have a speed of 25.50 knots.Both Hanjin Germany and Hanjin Italy have commenced their 12-year time charter at a fixed charter rate immediately upon delivery.These vessels are currently the largest in operation in the Danaos fleet and the first ones to be financed under its new Comprehensive Financing Plan.Source: Danaos