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CSAV Orders at Samsung

16 December, 2010

Chilean liner CSAV has taken a two plus two option deal at Korea’s Samsung Heavy Industries. The South American firm is paying $90m per 8,000 teu ship. The two firm orders are due for delivery in June and July of 2012.

CSAV faced a perilous time during the financial crisis with much restructuring needed. These orders signal that the liner is back on track.

Korea’s big three yards – Samsung, Daewoo and Hyundai – are anticipating a bumper year of large container ship orders in 2011 with the size envelop being pushed towards 20,000 teu designs.

Source:  seatrade-asia

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