HHI Scores More Orders in April

Image Courtesy: HHI

South Korean shipbuilder Hyundai Heavy Industries (HHI) has won 18 ship orders worth USD 900 million in April alone, pushing its order intake to USD 2.3 billion secured so far this year.

Since the orders include options exercisable by owners to order additional vessels, the total orders in April “will amount to 31 ships worth USD 1.5 billion,” HHI informed.

The month marked the largest ship orders for the comparable period in three years, the shipbuilder said, adding that from the beginning of 2017 it secured a total of 39 new ship orders.

“With our new orders improving this year, we are receiving shipbuilding inquires doubled over the last year’s comparable period. With our competitive edge on green shipbuilding technology and fiscal health, we will continue to exert efforts to win more orders,” according to an official from HHI.

As the company is currently in the final negotiating stage for additional three ships, as well as two more vessels at Hyundai Mipo Dockyard (HMD) and an array of other shipbuilding inquiries, HHI said that it expects more orders to come in May and afterwards.

During the period ended March 31, 2017, the value of HHI’s newbuilding orders surged by 22.9 percent compared to the corresponding figures from last year, reaching USD 2.04 billion.

While the group’s shipbuilding segment booked USD 763 million worth of orders, against last year’s 234 million, its offshore and engineering arm saw a drop in ordering activity with USD 51 million worth of orders.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >