Hutchison megadeal reveals dark side of container shipping
What money cannot buy
French carrier CMA CGM has ordered a dozen 13,000 teu methanol-fuelled containerships at Hyundai Samho Heavy Industries.
Hyundai Samho’s holding company, Korea Shipbuilding & Offshore Engineering, said in a Korea Exchange filing yesterday that a “European customer” had ordered newbuildings for delivery by December 2026. Industry sources indicate that CMA CGM is the client.
The total contract value is estimated at KRW2.53trn ($2.05bn).
The latest order would take CMA CGM’s orderbook to 101 ships, for over 972,000 teu, overtaking that of the Cosco ...
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