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Korea Shipbuilding received US$72.6 mln order from Asian client

Korea Shipbuilding received US$72.6 mln order from Asian client

Korea Shipbuilding & Offshore Engineering Co. said Tuesday it won an 87 billion won (US$ 72.6 million) contract from an Asian firm to build two carriers of petrochemicals.

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Under the contract, Korea Shipbuilding's shipbuilding unit Hyundai Mipo Dockyard Co. will begin building the 50,000-ton ships in November and deliver them to the buyers in the second half of 2021, Korea Shipbuilding said in an e-mailed statement.

The deal has the option of building two more PC carriers.

Korea Shipbuilding has won orders so far this year to create a total of 22 PC carriers including the latest contract.

Newly formed by Hyundai Heavy Industries Co., Korea Shipbuilding is the sub-holding company of Hyundai Heavy Industries Holdings Co. and has three shipbuilders under its umbrella — Hyundai Heavy, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries Co.

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