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Home›Business & Finance›South Korea: Doosan Secures Major Contract from Maersk
Business & Finance

January 20, 2012 · about 14 years ago

South Korea: Doosan Secures Major Contract from Maersk

Recently, Doosan Engine won a record order from the Danish company A.P. Moller Maersk, the world’s largest marine shipper. The W323 billion (approx USD 284.2 million) contract is for the delivery of 120 engines (40 main and 80 auxiliary) to be installed in twenty ultra-large containerships built by

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Recently, Doosan Engine won a record order from the Danish company A.P. Moller Maersk, the world’s largest marine shipper. The W323 billion (approx USD 284.2 million) contract is for the delivery of 120 engines (40 main and 80 auxiliary) to be installed in twenty ultra-large containerships built by Daewoo Shipbuilding & Marine Engineering.

The contracted engines represent a total of 2.4 million bhp in output, the largest order ever received since Doosan Engine went into business in 1983. This figure represents about 20 percent of the company’s annual production volume. The engines will be built at the Changwon factory complex using in-house technology. Delivery is scheduled to begin in November 2012 and to be completed in November 2014.

The engines will be mounted inside the world’s first containerships with an 18,330 TCU (20 ft container unit) carrying capacity. Competition over this contract was severe, for it places the winner in an advantageous position in the market for marine engines that are used to power containerships, which continue to be built larger.

Doosan Engine CEO Lee Sung says: “ The excellence of our technology and work quality have been recognized, as we have been selected to supply a large number of engines for use in containerships of an unprecedented size. This order will give us a strong position in the market for building very large marine engines and it will help to ensure our factories remain working at full capacity .”

323 billion South Korean won = 284.24 million U.S. dollars

[mappress] World Maritime News Staff, January 20, 2012; Image: Doosan

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