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HONG
KONG—Samsung Heavy Industries Co., the world’s
second-largest shipyard, said it will build eight large
vessels worth $1.37 billion, its biggest order this
year.
The
ships, which can each carry 12,600 20-foot standard
containers, will be delivered to Zim Integrated Shipping
Services Ltd. of Israel by July 2012, Seoul-based
Samsung Heavy said in an e-mailed statement today. The
ships will each be 360 meters long, more than the length
of three soccer fields.
Samsung
Heavy, Daewoo Shipbuilding and Marine Engineering Co.
and other South Korean shipyards may win record orders
for a fifth straight year helped by a wave of contracts
for large container vessels. Orders pending with the
shipbuilders are estimated to keep them busy for four
years.
Samsung
Heavy has developed the capability of building the
world’s biggest container vessel, which can carry 16,000
boxes, according to the company’s statement today. It is
looking for customers for the ships that will be as long
as four soccer fields, the company said.
Shares
of Samsung Heavy gained 2.7 percent to 56,200 won as of
11:21 a.m. in Seoul. The stock has more than doubled
this year, making it the fifth-best performer among 50
top companies traded on South Korea’s Kospi index.
---Bloomberg |