Daehan Shipbuilding Wins Two 8,800TEU Container Ships Worth Approx. KRW 330 Billion

From a Leading Tanker Builder to a Global Mid-Sized Shipbuilder

Proven competitiveness beyond tankers, securing 10 new ship orders in just one month

Busan, South Korea - 25 August 2020

Daehan Shipbuilding, which secured orders for eight Suezmax crude oil carriers in September, has now signed a contract worth approximately KRW 330 billion to build two 8,800TEU container ships - further expanding its presence in the global mid-sized shipbuilding market.

On October 14, Daehan Shipbuilding signed its first container ship contract with a Panama-based shipping company, broadening its customer base beyond its traditional markets in Europe and Oceania. The achievement highlights the company’s success in diversifying its product portfolio and customer network.


Image by Daehan Shipbuilding Co., Ltd.

Daehan Shipbuilding has already demonstrated strong competitiveness in the container ship sector. Since entering the market in 2022, the company has successfully delivered two 1,000TEU small-sized and four 8,000TEU mid-sized container ships, proving its design and construction capabilities as well as the quality and reliability of its products.

The newly ordered 8,800TEU container ships will be eco-friendly vessels that meet the latest environmental standards of the International Maritime Organization (IMO). Each ship will be equipped with a sulfur oxide reduction device (Scrubber) and is scheduled for sequential delivery starting in March 2028.

With this latest contract, Daehan Shipbuilding has secured a total of 10 ships in just one month - following six Suezmax crude oil carriers (worth KRW 710 billion) on September 22, and one vessel each on September 29 and 30. These consecutive large-scale orders further reinforce the company’s growing presence and competitiveness in the global mid-sized ship market.

A Daehan Shipbuilding official said: "Building upon our solid order base in the tanker segment, we have proven our technological capabilities and reliability in the container ship market as well. This contract marks an important milestone in our ship-type diversification strategy," adding, "Following the four tanker orders placed on September 22, this agreement with a new client also carries significant meaning in terms of customer diversification."

* IMO Tier III: Regulation on air pollution prevention / EEDI Phase 3: Energy Efficiency Design Index

Daehan Shipbuilding Co., Ltd. press release