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Hyundai says latest CMA CGM order is 'world's largest'

Hyundai says latest CMA CGM order is 'world's largest'

Seoul: Hyundai Heavy Industries has released further details of CMA CGM's order for eight mega-sized container vessels of 11,400teu, which it says is worth $1.2bn, making it the world's largest ever ship newbuilding order as a single contract.

This exceeds Hyundai's previous record order, booked in June, worth $1.1bn from Zim for four containerships of 10,000teu plus four of 8,200teu, for late 2009 delivery.

The CMA CGM vessels, for delivery mid-2009 to mid-2010, will measure 363 metres in length by 45.6 metres in width and 29.7 metres in depth. They will be equipped with the world's largest 98,000bhp marine engines and sail at a speed of 24.7 knots.

Hyundai HI says the order reaffirms the faith of the world's third largest container line in its technology and capability. The French-based shipowner has already ordered 17 ships from HHI, it points out, some of which are already in operation while others are under construction.

Including the latest order HHI says it has received orders for 45 large containerships this year ?" 13 of which are for affiliate Hyundai Samho Heavy Industries (HSHI) ?" demonstrating its 'dominance' in the very large containership market.

HHI (including HSHI) now has 21 containerships of 10,000teu capacity and above in a total order backlog of 340 ships worth more than $33bn. Orders won thus far this year total 115 ships worth $12.1bn.  [11/09/06]