Dockwise has appointed Hyundai Heavy Industries (HHI) as the builder of a new vessel to service the emerging market for ultra-large transports, due by the end of 2012.
The new vessel has been categorised as a "Type 0" (T-0) to reflect its exceptional size. Previously, the largest class of vessel has been Type 1, with cargo capabilities between 41,000 and 73,000 tonnes.
With an overall deck size of 275 by 70 metres, and a bowless design, the new vessel will have a carrying capacity of more than 110,000 tonnes. The total cost of the vessel including all project and design costs, is expected to be approximately US$240 million, with installments of approximately 45 percent in 2011 and 55 percent in 2012.
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