South Korea’s Hyundai Mipo Dockyard looks to have finally closed out its available berths for next year. Japan’s Nissen Kaiun, in the midst of a significant fleet rejuvenation program, has gone to the Ulsan-based yard to order four 1,800 teu feeder boxships, all for delivery in 2019. No price has been revealed for the ships. Hyundai Mipo is now marketing 2020 slots.
Nissen Kaiun, which has a mixed fleet, has been selling many of its older ships in the last 18 months, while initiating a newbuild program. Unlike most of its Japanese peers, Nissen Kauin is happy to order overseas, with a host of ships now under construction in South Korea as well as China.