Hanjin Heavy Industries to build eight boxships for Germany’s NSC

The KG-backed order, made in tandem with Lloyd Fonds, for the 12,800-teu units will cost $1.27bn. They will be the world’s largest, beating Dohle’s recent order for 12,600-teu ships at Samsung. Delivery is set for 2010. They will be built at Hanjin’s new yard in Subic Bay, the Philippines, the yard said, and will be the biggest containerships that can pass through the Panama Canal when it is enlarged. Subic Bay now has orders worth $3bn for 35 ships. The NSC order has been rumoured for weeks, but it was initially thought four vessels would be options.