The shipyards on the South Korean island of Geoje have not lost any of their superb in the container sector. The next delivery of the "HMM St Petersburg" will once again put the shipbuilder SHI in the spotlight.
In South Korea, workers at Samsung Heavy Industries (SHI) are putting the finishing touches to the container ship "HMM St Petersburg". The ship, which is 400 metres long and 62 metres wide, will have a capacity of 23,820 TEU. It will be delivered to Hyundai Merchant Marine (HMM) in September.
This is the twelfth and latest addition to a new class of 24,000 TEU vessels for the Korean shipowner.
Seven of them were built by Daewoo Shipbuilding and Marine Engineering (DSME) and five by SHI.
Each of these giants of the seas cost between 170 and 180 billion won (143 to 151 million dollars).
The first ship in this category to go into operation, the "HMM Algeciras", became the world's largest container ship on its maiden voyage last April. It was followed by the "HMM Oslo" in May.
A maiden voyage to Shanghai
The South Korean shipbuilding industry dominated the world market for a while but in recent years it has suffered from market overcapacity and competition from China.
South Korean shipping, for its part, has suffered from the collapse of Hanjin Shipping, once the largest South Korean shipowner and seventh largest in the world, which went bankrupt in 2017.
The "HMM St Petersburg" is due to make her maiden voyage to Shanghai and other Chinese ports in September before heading via the Suez Canal to Rotterdam, Hamburg, Antwerp and London.
The round trip from South Korea to Europe and back takes twelve weeks, but despite the size of the ship and the distance covered, the crew is only 23.