Chun Kyung signs 1,900 teu ship at Hyundai Mipo Dockyard

South Korea’s Chun Kyung Shipping this week placed an order for a new container ship at Hyundai Mipo Dockyard of Ulsan, the Hyundai group’s specialist shipyard for small and mid-sized tonnage.

Advertised as a 1,900 teu vessel, the new ship is expected to be a more or less similar sister of Namsung’s recent 1,890 teu STARSHIP LEO trio. With a length overall of 172m and a beam of 27.50m, the new ship will be a compact Bangkokmax wide-beam design, capable of a commercial speed of up to 20 knots.

According to a stock exchange disclosure filed by Hyundai Mipo, the new container vessel is scheduled for delivery November 2014. The newbuilding price has not been disclosed.

Chung Kyung Shipping, better known by its brand name ‘CK-Line’ already operates one of the aforementioned 1,890 teu ships – the STARSHIP PEGASUS. Chung Kyung charters this vessel from its compatriot Namsung for deployment on a joint Korea – Vietnam – Thailand service.

Thus, it seems likely that the Koreans plan to take advantage of the depressed newbuilding prices and replace the charter unit with an owned ship of similar, if not identical, capacity in the future.


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