Newbuild containership, image: Samsung Heavy Industries
In an exchange filing today, Samsung Heavy Industries announced the winning of an order from an unidentified European shipowner for five new, 14,400TEU containerships at a total cost of KRW 621 billion ($583.24 million).
The ships are planned for delivery by the end of September 2016.
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Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran.
A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first big tankers to leave the Persian Gulf since traffic through the chokepoint all but halted.
Just nine months before a full European Union ban on Russian liquefied natural gas (LNG) is scheduled to take effect, EU buyers purchased every cargo from Russia’s Yamal LNG project in February, highlighting a stark disconnect between policy intentions and market realities.
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