Hyundai Mipo Wins Order for Ro-Ro Duo

Image Courtesy: Hyundai Mipo Dockyard

South Korean shipbuilder Hyundai Mipo Dockyard has received an order to contruct two Ro-Ro vessels from an undisclosed European shipowner.

The new vessels, which were ordered under a KRW 133.9 billion (USD 119 million) worth contract, are scheduled for delivery by the end of 2019, the company informed through a stock exchange release.

In February 2017, the Luxembourg-based Compagnie Luxembourgeoise d’Navigation (CLdN) RoRo SA ordered an additional two 5,400 lane meter vessels from Hyundai Mipo, with options for a further four of the same class.

The shipbuilder’s parent Hyundai Heavy Industries (HHI) in late April informed that it won 18 ship orders worth USD 900 million during the month, pushing its order intake to USD 2.3 billion secured from the start of the year.

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.

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 a year earlier, reaching USD 2.04 billion.

World Maritime News Staff

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