SEOUL—South Korea's Hyundai Heavy Industries said Monday it had won a $700 million deal to build the world's largest container ships for China Shipping Container Lines. Under the deal signed with China's No. 2 shipper, the world's largest shipbuilder will build five vessels, each capable of carrying 18,400 TEU (20-foot equivalent unit) container boxes, Hyundai said in a statement. The ships will be the world's largest, breaking the previous record of another South Korean firm, Daewoo Shipbuilding and Marine, which won an order in 2011 to build 20 18,000 TEU container ships for Denmark's A.P. Moeller-Maersk. Delivery of the mega-vessels will be...
Keep on reading: Hyundai wins order for world’s biggest container ship
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