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Samsung Is building World’s Largest Container Ship, It Won’t Fit Through Panama Canal

Samsung Electronics is the world’s largest information technology company measured by 2012 revenues, but we’re pretty sure you didn’t know the giant South Korean corporation is also the world’s 2nd-largest shipbuilder. The company’s Heavy Industries subsidiary is one of their main motors and the fact that they are about to build the largest container ship in the world stands as proof.
Samsung Is building World’s Largest Container Ship, It Won’t Fit Through Panama Canal 1 photo
Photo: http://www.shi.samsung.co.kr/
Normally, when you hear the name of the company the first thing you think of is Apple’s biggest nightmare. But what would you say if we were to tell you that the company - who’s revenue was equal to 17% of South Korea’s GDP - is also a car maker? Yep, the Galaxy S6 manufacturer currently owns 20% of the automaker Renault Samsung Motors. In fact, some of the regular-priced cars in Europe are produced by the company.

Now that we know all these, having the South Koreans building the huge commercial ship is not that odd anymore, is it? It turns out Samsung Heavy Industries has won a contract to build four 20,000 TEU class container ships, a contract worth around 609.2 million dollars.

The deadline is 2017 and the ships are bought by Japan’s MOL (Mitsui O.S.K. Lines). According to Fareastgizmos, the vessels’ size will equal that of four football fields combined and are capable of carrying 20,100 containers. Moreover, since each will measure in at almost 193-feet (58.8 meters) wide, the huge ships won’t even fit through the famous Panama Canal, that is 110 feet (33.5 meters) in its max.

A company that has a revenue of $12.7 billion (2012), Samsung Heavy Industries is also the giant to onw the largest shipyard in South Korea, the Geoje Shipyard. This also boasts the highest dock turnover rate in the world.
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