On June 19, South Korean shipbuilder Hyundai Heavy Industries (HHI) and Danish shipping conglomerate Maersk signed a Letter of Intent (LOI) to build 14,000 TEU containerships.

HHI wins USD 2Bln boxship deal from Denmark’s Maersk

Image: constructionweek

Including the option to build an additional seven ships, it is a deal to build a total of 16 container ships worth nearly US$2 billion (2.21 trillion won).

Hyundai Heavy Industries will start the order at the beginning of 2017. The company won the deal to build four more boxships earlier than previously known.

The South Korean shipbuilder also won an order from the French giant CMA CGM to build six 14,000 TEU ships at the price of US$700 million (775.6 billion won) in May.