Hyundai Samho Boosts Orderbook with 5 New Ships

Hyundai HeavyIllustration; Source: Flickr – under the CC BY 2.0 license; Image by: Jasmine Halki

South Korean shipbuilder Hyundai Samho Heavy Industries, part of Hyundai Heavy Industries (HHI), has received orders for the construction of five vessels.

The orders include two liquefied petroleum gas (LPG) carriers and three petrochemical carriers, Hyundai Samho said in separate stock exchange filings on August 26.

The first contract, worth KRW 197.3 billion (USD 162.6 million), has been awarded by an undisclosed Asian shipowner. The 90,000 cbm petrochemical LPG pair is expected to be delivered by November 8, 2021.

The second order, which amounts to KRW 210.5 billion (USD 173.5 million), was placed by another unnamed Asian shipowner. The three 115,000 dwt PC vessels are scheduled for delivery by September 9, 2021.

Hyundai Samho recorded sales of KRW 1.6 trillion in H1 2019, a decrease of 35 percent from the corresponding period last year. However, the shipbuilding unit has seen its operating profit rise, according to Yonhap.

World Maritime News Staff


Related:

Hyundai Samho to Build LNG-Powered Bulker Pair for H-Line

Hyundai Samho Bags Order for Crude Carrier Pair

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 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 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >