Sungdong snares 8,800 teu ships

Seoul: Korea's Sungdong Shipbuilding & Marine Engineering has signed two new order contracts l to build four 8,800 teu boxships for MSC and another two for Greece's Costamare for a total cost of $586m.

The units feature 300 meters in length, 48.2 meters in breadth and 24.6 meters in height and will be delivered from 2013 one by one.

For Sungdong this is a massive deal, marking the largest boxships inked thus far and a major fillip in the yard's orderbook, which had come under pressure in the last two years.  [01/02/11]