Hanjin clinches massive new order

The Korean shipbuilder, Hanjin Heavy Industries, recently secured two orders for container ships. The first contract is for four 5,100TEU vessels valued at $270 million from Niki Shipping in Greece while the second is for two 3,400TEU container ships worth $100 million from Schoeller Holdings in Cyprus.

The Niki newbuildings will be delivered from December 2006 to July 2007 and the Schoeller?s duo in December 2006 and May 2007.