Hyundai Group on a Winning Streak

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

Hyundai Heavy Industries Group is starting the year on a high note having secured multiple new contracts worth over USD 228 million.

The company’s subsidiary Hyundai Samho Heavy Industries has won an order for the construction of a large crude oil carrier worth KRW 109.2 billion (USD 93.5 million).

The shipbuilder did not reveal the identity of the owner, disclosing solely that the client is based in Europe.

The vessel is scheduled for delivery in June 2021.

Furthermore, the group’s Hyundai Mipo Dockyard revealed in an exchange filing that it has inked a construction contract for four petrochemical carriers with Pan Ocean.

The value of the contract is KRW 157.4 billion (USD 134.7 million). The quartet is slated for completion by September 2021.

The latest ordering spree comes on the back of last week’s reports that clients of Central Shipping placed an order for 2 Suezmax tankers at Hyundai Heavy Industries. According to Clarksons Platou Shipbroking, both vessels are expected to deliver in 2021.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 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 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

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 >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

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 >