November 10, 2000 in Social Responsibility News

SHI Develops 9,000TEU Container Vessel

Samsung Heavy Industries (SHI) (President Hai-Kyoo Lee) has started its efforts for the sales of the world's largest 9,000TEU-class jumbo container vessels, completing development of a new vessel prototype recently. The Company has endeavored to develop an optimum vessel prototype in consideration of the present status of the facilities and cargo-handling equipment at major ports of the world and their plans for expansion of the facilities. It also revealed that the new vessels have been designed in such a way as will make the speed as high as 26 knots, equipping the most powerful existing engine for a vessel with the maximum capacity of 93,000 hp to solve the most knotty problem: slowing down of large-sized container vessels. 26 knots is the highest speed made by 5,000TEU-class vessels. The new prototype can be loaded with 9,000 containers in its 10 cargo sections, being sized 330m (L) x 45.6m (W) x 14.5m (Draft), whose total weight comes to close to 0.15 million ton when loaded with cargo. It is also featured with the environment-friendly consideration given with the double-hull of the oil tank which is located at the bottom to prevent a chance of oil spill at the time of entry to a port or an accident. It is expected that, with this 9,000TEU-class vessel, the transportation cost can be reduced by more than 17.7 percent (in the case of utilizing two 4,500TEU-class vessels for transportation of 500,000TEU) a year, for instance, the unit cost per TEU comes to US$208, bringing the total cost to about US$104 million, whereas in the case of a 9,000TEU ones, the unit cost per TEU comes to US$171 with the total US$85 million. SHI has been conducting the performance evaluation, such as analysis of resistance associated with fluid mechanics and vessel prototype interpretation etc. of the new jumbo vessel in the shipbuilder's towing tank, which is one of the largest of its kind in the world (400m x 14m x 7m-sized) in the Research InstituteDaeduk and the vessel successfully underwent the inspection on vessel structure interpretation and safety at ABS (American Bureau of Shipping). An official at SHI said, "Our superiority in designing capability has been proven again with development of this 9,000TEU-class jumbo vessel this time around and we currently plan to develop a variety of vessel prototypes including a 14,000TEU-class ULCS (Ultra Large Container Ship), which is the largest vessel included in our current plan," forecasting that the competition for larger container vessels will be ever fiercer in the years to come. With this, it appears that SHI will be in a more favorable position than others to win the order for six 7,500TEU-class vessels worth about US$0.5 billion to be placed by OOCL in Hong Kong in the near future and predominate the market for larger-sized container vessels in the future. ※ TEU : Twenty Feet Equivalent Units


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