CMA CGM linked to Hyundai Heavy order for up to twelve 14,000 teu ships

Multiple broking reports have France’s top boxline signing for another swathe of newbuilds. CMA CGM is tipped to have ordered six firm plus six option 14,000 teu ships at South Korea’s largest yard, Hyundai Heavy Industries. No price has been identified for the ships, which have a dual fuel propulsion option, and will deliver in 2020.

The dual fuel options follow on from CMA CGM’s landmark order in August last year for a series of LNG-fuelled 22,000 teu ships. CMA CGM has teamed with compatriot energy giant Total to supply LNG for its new ships.

The orders add another potential 168,000 slots to the global orderbook and follow hot on the heels of a series of giant orders from Taiwan’s Evergreen and Yang Ming this year with South Korea’s Hyundai Merchant Marine (HMM) also expected to sign for up to 300,000 slots worth of new ships in the next couple of months bringing container shipping’s tight supply/demand equilibrium into sharp focus once again.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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