Hamburg Sud spends $500 million for 5 ships from Daewoo’s Romanian yard

Hamburg Sud spends $500 million for 5 ships from DaewooÆs Romanian yard

German ocean carrier Hamburg Sud has ordered five 4,710-TEU containerships worth $500 million from Daewoo-Mangalia Heavy Industries, a Romanian subsidiary of Korean shipyard Daewoo Shipbuilding & Marine Engineering.

   The vessels, to be delivered by the first half of 2010, will be 309 meters (1,014 feet) long, 40 meters (131 feet) wide, 24.2 meters (79 feet) deep with a speed of 22.7 knots.