World’s Largest Shipbuilder Ups the Ante for 2019

Hyundai Heavy IndustriesIllustration, Image Courtesy: Flickr/SarahTz under CC BY 2.0 license

South Korean shipbuilding giant Hyundai Heavy Industries Group has increased its appetite for 2019 setting its orderbook target at USD 15.9 billion, up by 20.7 percent year-on-year, Yonhap reported.

Based on the report, Hyundai Heavy Industries has set sights on attaining USD 8 billion in shipbuilding segment, whereas Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard have vowed to secure USD 4.3 billion and USD 3.5 billion worth of orders each.

Thanks to improved market, Hyundai exceeded its orderbook goal for 2018 before the year ended, having won USD 13.3 billion worth of orders, beating the intitial USD 13.2 billion target.

The sipbuilder’s orderbook for 2018 is comprised of a total of 153 vessels, including 56 oil tankers, 50 containerships, 40 gas carriers, including 25 LNG carriers and 15 LPG carriers, followed by 4 bulkers, 2 frigates and one car ferry.

World Maritime News Staff; Image Courtesy: Flickr/SarahTz under CC BY 2.0 license

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 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 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >