Aju Business Daily

SEOUL -- Samsung Heavy Industries, a major shipbuilder in South Korea, has secured an order worth 230 billion won ($206 million) from an Oceanian client to build two large container ships equipped with eco-friendly and energy-saving solutions.

Samsung Heavy Industries (SHI) said in a regulatory filing on February 4 that the two 13,000 TEU ships would be delivered sequentially in the first quarter of 2023. The twenty-foot equivalent unit (TEU) is an inexact unit of cargo capacity often used to describe the capacity of container ships.

The vessels will be installed with an energy-saving device, a ballast water treatment system (BWTS) which removes and destroys inactive biological organisms from ballast water, SHI's SVESSEL smart ship technology and a selective catalytic reduction (SCR) system that converts nitrogen oxides with the aid of a catalyst into diatomic nitrogen and water.

With the new contract, SHI has won $600 million in orders for five vessels or eight percent of this year's target of $7.8 billion. The shipbuilder thinks container ships are expected to lead the new market in the first half of this year due to the recovery of cargo volume and higher freight rates.