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Shanghai builder close to deal on super carriers

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Hudong-Zhonghua Shipbuilding Group of Shanghai may become the first mainland shipyard to build super-sized container vessels with a capacity of 8,500 20-ft equivalent units (teu).

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The largest mainland container vessels so far have been less than 6,000 teu.

Hudong signed a preliminary agreement with China Shipping Group to deliver eight 8,500-teu vessels by 2008, according to Bloomberg, quoting a report from Oslo-based shipbroker Fearnleys.

However, a spokesman for Hudong said the deal had yet to be finalised.

'We've been in talks for quite a while and we're waiting for the firm order,' the spokesman said yesterday.

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'We completed the research and development. We'll work on the project only after we get the order.'

It is estimated that a vessel of that size sells for about US$100 million.

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