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Korean yards hoard orders for ultra large vessels

The future global fleet of ultra large container vessels will to a very great extent be built at Korean yards. 19 of 21 orders for the large container ships placed this year have gone to South Korea.

Photo: CMA CGM

The South Korean yards have a solid hold on the market for ULVCs (Ultra Large Container Vessels). In total, South Korea's major yards such as Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) have snatched 19 out of 21 orders that the world's container shipowners have placed this year for ultra large vessels of more than 20,000 teu, according to Business Korea.

All of the ordered vessels are larger than 20,000 teu. Samsung Heavy Industries distinguishes itself by being especially good at getting orders and is the yard in the world that has built the highest number of the large container ships as well as the largest ship ever built, at 21,100 teu.

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