News / Namsung orders more 2,500 teu ships as Asian freight volumes soar

Credit: Im Jung-in

Healthy freight rates for shipments to Singapore, Malaysia and Indonesia have convinced South Korean intra-Asia carrier Namsung Shipping to order more containerships to meet the rising demand.

Namsung confirmed to The Loadstar today it had ordered a pair of 2,500 teu ships fitted with scrubbers from compatriot shipbuilder Hyundai Mipo Dockyard, costing $43m each.

Currently, freight rates for shipments from South Korea to Singapore, Malaysia and Indonesia are averaging between $1,100 and $1,200 for a 20ft container – a nine-fold increase on ...