Hanjin Heavy wins CMA CGM trio of 20,600 teu orders

Hanjin Heavy wins CMA CGM trio of 20,600 teu orders

Marseille: On the back of solid results for 2014, France’s CMA CGM is ordering a trio of 20,600 teu ships at Hanjin Heavy Industries & Construction. The ships will deliver in 2017 and go into the Ocean Three alliance on the Asia – North Europe tradelane. CMA CGM’s partners in the alliance, China Shipping and UASC, have ordered similarly sized ships in recent months.

CMA CGM scored a net profit of $584m last year, up 43.2% over 2013.

For Hanjin Heavy, the order is an enormous coup, putting it among a select few yards in Japan, Korea and China building boxships of that size. With dock constraints on home soil in Busan, these giant ships are likely to be built at Hanjin Heavy’s Subic Bay yard in the Philippines.

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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