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.
BY LOUISE VOGDRUP-SCHMIDT
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.
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