Dae Sun closes in on annual target with raft of orders

South Korean small boxship specialist Dae Sun Shipbuilding & Engineering is expected to nail down a series of orders soon. Cosmoship Management is expected to exercise options for two 1,800 teu ships, on the back of an initial order for two plus two vessels this February. The options are likely to go Korea Marine Transport on charter for 10 years.

T.V.L. Shipping of Taiwan, meanwhile, has come in for two 1,800 teu ships at the same yard, according to broking reports. The ships cost around $25m each and will deliver in the third quarter of 2017. also ordered two 1,800 teu containerships from Dae Sun early this month for delivery in the third quarter of 2017 at around $25m apiece.

Dae Sun is also close to signing a contract with an unspecified European owner for a series of 2,600 teu containerships.

After a slow start to the year, Dae Sun is making amends and could hit its order target of 20 newbuilds worth $500m.

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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