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Hyundai wins $228.5 mn worth shipbuilding orders

Hyundai wins $228.5 mn worth shipbuilding orders

Hyundai Heavy has won orders for four petrochemical product carriers (PCs) and a super-large oil tanker totaling US$228.5 million.

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Hyundai Samho Heavy Industries Co. won a 109 billion-won order to build a very large crude oil carrier for an unidentified European shipper by June 2021. In a separate deal worth 157.4 billion won, Hyundai Mipo Dockyard Co. is set to deliver four chemical tankers to the Pan Ocean Co., South Korea’s leading bulk carrier, in phases, beginning in June 2021.

Hyundai Heavy Industries Group also received an order for a 300,000-ton super-large oil tanker from a European client. The oil tanker will be built at Hyundai Samho Heavy Industries in Yeongam in South Jeolla Province and will be delivered in June next year.

This year, HHI Group has set a shipbuilding order target of $15.9bn, unchanged from its target for 2019. Last year, the group fell short of its target with an orderbook value of approximately $12bn

Maritime Business World 

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