[Photo provided by Hyundai Heavy Industries Group]
South Korea’s Hyundai Heavy Industries Group shipyards have bagged a combined 267 billion won ($228.5 million) orders to build five vessels in Korea and Europe.
Hyundai Mipo Dockyard in a public disclosure on Tuesday said that it has entered into a contract with local bulk carrier Pan Ocean Co. to build four 50,000-ton petrochemical carriers for 157.4 billion won. The fleet will be constructed at Hyundai-Vinashin Shipyard in Vietnam and delivered from June 2021.
On the same day, the group said its another shipbuilding subsidiary Hyundai Samho Heavy Industries Co. secured a 109.2 billion won deal to build one 300,000-ton very large crude carrier for a European shipping company. The vessel will be built at its shipyard in Yeongam on the southern coast of Korea for delivery in June 2021.
Hyundai Mipo Dockyard"s a 1,800 TEU container carrier. [Photo provided by Hyundai Heavy Industries Group]
The shipbuilding group has set its order target for this year at $15.9 billion.
On Wednesday, shares of Hyundai Mipo Dockyard gained 0.11 percent to end at 47,050 won. Hyundai Samho Heavy Industries is unlisted. Shares of Korea Shipbuilding & Offshore Engineering, an interim holding company of Hyundai Heavy Industries Group, closed 1.19 percent higher at 127,500 won.
By Choi Keun-do and Cho Jeehyun
[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]