South Korean shipbuilder HJSC doubles orders for largest container ships in its history

The shipbuilder disclosed on 27 April that it has secured an order for two 10,100-TEU vessels, worth close to US$243M, with deliveries scheduled through October 2028.

HJSC noted that the latest pair represents options exercised from a previous order placed in February by the same owner for two vessels of identical specifications.

The counterparty was described as an undisclosed European shipping company.

Shipbroking and market sources have indicated that Oslo-listed MPC Container Ships is involved in the transaction. Some sources suggest the company is participating as an equity partner alongside another beneficial owner, while others say it is the principal owner.

When contacted by Riviera, the company said it does not comment on rumours relating to sales and purchase activity or newbuilding orders.

“To maintain confidentiality around such matters, material disclosures are made either through a press release or in our quarterly financial reporting. The next quarterly report will be issued on 27 May,” the company said in an email response.

Eco-friendly design

HJSC said the vessel design incorporates high-efficiency, advanced technologies aimed at expanding cargo capacity on deck and in holds, while also optimising production efficiency and safety.

According to the shipbuilder, the vessels will be fitted with scrubbers and shore power connection systems, enabling ships to shut down engines while in port and draw electricity from shore, thereby reducing emissions.

“Moving forward, we will focus on profitability-driven selective orders, while delivering high-quality vessels on time to build trust with shipowners and further enhance our competitiveness,” HJSC management said.

The company also noted that it has completed development of an LNG dual-fuel propulsion version of the same 10,100-TEU design.

Orderbook growth continues

Clarksons data shows that in Q1 2026, 159 container vessels, equivalent to 0.9M TEU, were contracted. Orders for vessels under 8,000 TEU remained broadly in line with 2025’s record pace, while volumes above that size eased but remained 22% above the 10-year average.

The same data shows the global container ship orderbook continuing to expand, now standing at 1,461 vessels totalling 12.2M TEU – up 31% year-on-year and equivalent to 37% of the active fleet capacity.