Sungdong inks Zodiac boxship quartet

22 Jun 2011

South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering has received an order from UK-based Zodiac Maritime to build four 3,600 TEU containerships for delivery in 2013.

The company has not revealed the value of the order but, according to industry estimates, each of the vessels could cost between $48m to $51m. The final contract follows a basic agreement between the South Korean shipyard and Zodiac Maritime that was signed earlier this year in April.

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