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Suez Crisis Isn’t Deterring Orders for Mega Container Ships

  • Korea Shipbuilding, Samsung Heavy win orders worth $3 billion
  • Containers ships to be delivered to customers by 2025
Ships under construction at the Samsung Heavy Industries Co. shipyard in Geoje, South Korea.

Ships under construction at the Samsung Heavy Industries Co. shipyard in Geoje, South Korea.

Photographer: SeongJoon Cho/Bloomberg
Updated on

A huge container ship blocking one of the world’s busiest waterways has done little to deter shipping companies from ordering similarly mega-sized vessels.

Korea Shipbuilding & Offshore Engineering Co. and Samsung Heavy Industries Co. -- two of the world’s three biggest shipbuilders -- announced they’d won orders worth a combined 3.45 trillion won ($3 billion) on Friday to build 25 container vessels that are all longer than the Eiffel Tower. The ships will be delivered by 2025.