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.