FRENCH shipping giant CMA CGM is being named as the company that has confirmed a planned US$2.6 billion order for 12 LNG dual-fuel container ships at HD Hyundai Heavy Industries, which has pulled in its first order of 2025.
HD Hyundai yard holding company HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced last Wednesday that it had signed its first order for 2025 valued at approximately $2.58 billion which is being widely linked to CMA CGM Group.
Reports from South Korea reported a letter of intent was in place and the industry was broadly reporting the order as a follow-on move by CMA CGM which continues to be at the forefront of the move to LNG dual-fuel vessels, according to Fort Lauderdale's The Maritime Executive.
KSOE provided few details other than the order is for 12 'mega' containerships which will be delivered by December 2028.
Media reports indicate the vessels will each have a capacity of 15,500 TEU with deliveries commencing in late 2027. It follows CMA CGM's order in the second quarter of 2024 order for a dozen 15,000 TEU liquefied natural gas vessels from Hyundai Heavy Industries.
CMA CGM, which is currently ranked third with a capacity of over 3.8 million TEU, has been investing in the energy transition as part of a fleet modernisation and expansion programme.
As of the third quarter of 2024, the group highlighted more than 40 operational alternative fuel vessels and a total investment of $18 billion for 131 vessels by 2028 that will be capable of running on low-carbon energy, including biomethane, biomethanol, and synthetic fuels.
The new order represents a strong start for HD KSOE which announced a target of $18.05 billion for orders in 2025, which while a 34 per cent increase over the 2024 target projects a decline in total orders versus those booked in 2024. The group reported orders valued at over $20 billion in 2024. This first order of the year represents 14 per cent of the group's target for 2025.
Speaking at the Davos Forum in Switzerland last week, executive vice president of HD Hyundai Chung Ki-sun pointed to the continuing efforts in shipbuilding to lead the transition to alternative fuels.
The group is focusing on a digital transformation outlining its blueprint for the future of the shipyards. HD Hyundai is partnered with big data company Palantir Technologies and highlighted a strategy for a 30 per cent improvement in productivity and a 30 per cent reduction in CO2 emissions by 2030.
SeaNews Turkey
HD Hyundai yard holding company HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced last Wednesday that it had signed its first order for 2025 valued at approximately $2.58 billion which is being widely linked to CMA CGM Group.
Reports from South Korea reported a letter of intent was in place and the industry was broadly reporting the order as a follow-on move by CMA CGM which continues to be at the forefront of the move to LNG dual-fuel vessels, according to Fort Lauderdale's The Maritime Executive.
KSOE provided few details other than the order is for 12 'mega' containerships which will be delivered by December 2028.
Media reports indicate the vessels will each have a capacity of 15,500 TEU with deliveries commencing in late 2027. It follows CMA CGM's order in the second quarter of 2024 order for a dozen 15,000 TEU liquefied natural gas vessels from Hyundai Heavy Industries.
CMA CGM, which is currently ranked third with a capacity of over 3.8 million TEU, has been investing in the energy transition as part of a fleet modernisation and expansion programme.
As of the third quarter of 2024, the group highlighted more than 40 operational alternative fuel vessels and a total investment of $18 billion for 131 vessels by 2028 that will be capable of running on low-carbon energy, including biomethane, biomethanol, and synthetic fuels.
The new order represents a strong start for HD KSOE which announced a target of $18.05 billion for orders in 2025, which while a 34 per cent increase over the 2024 target projects a decline in total orders versus those booked in 2024. The group reported orders valued at over $20 billion in 2024. This first order of the year represents 14 per cent of the group's target for 2025.
Speaking at the Davos Forum in Switzerland last week, executive vice president of HD Hyundai Chung Ki-sun pointed to the continuing efforts in shipbuilding to lead the transition to alternative fuels.
The group is focusing on a digital transformation outlining its blueprint for the future of the shipyards. HD Hyundai is partnered with big data company Palantir Technologies and highlighted a strategy for a 30 per cent improvement in productivity and a 30 per cent reduction in CO2 emissions by 2030.
SeaNews Turkey
