One of the largest container ships of the world, which was ordered by Danaos Corporation (DAC) in Hyundai Samho Heavy Industries Co Ltd will be delivered on 7th June 2012. The cargo ship was named Hyundai Speed and has capacity for 13,100 TEU. The ship has overall length of 366.00 m, while the length between perpendiculars is 350.00 m. The beam of the cargo ship is 48.20 m and the draft is 14.60 m. The gross tonnage of the container ship Hyundai Speed is 142,400 g.t. and the incredible capacity is for 13,100 TEUs according to IMO calculations and 12,500 TEU according to company calculations. The cargo ship is impressive in engineer point of view and has really improved stability and design, which increases the strength of the ship and the speed. The service speed of the new vessel is 24.70 knots, which is quite high speed even for container ship. The cargo ship was ordered together with 4 more container carriers in Hyundai Samho Heavy Industries Co Ltd.
After delivery of this cargo ship Danaos Corporation (DAC) will have total 63 containerships aggregating 349,949 TEU, which is turning the company into the leading positions of container carrying. Hyundai Speed already has contact for 12-year time charter with EBITDA, which is on price of over 18 million USD. The ship has improved engineering, which is making it more profitable for the companies, operating with Hyundai Speed.