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Korea Shipbuilding wins $70 mln product carrier order

According to Yonhap News,

SEOUL, Aug. 28 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co., South Korea's biggest shipbuilder, said Friday it has received a US$70 million order for two product carriers from shippers in Asia and Europe.

Korea Shipbuilding plans to deliver the two product carriers to unidentified shippers in Asia and Europe in the second half of 2021, the company said in a statement.

The petrochemical product carriers will be built in the shipyards of Hyundai Mipo Dockyard in Ulsan, about 410 kilometers southeast of Seoul, and Hyundai Vietnam Shipbuilding in Vietnam, respectively, it said.

Korea Shipbuilding has three shipbuilding affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries Co. -- under its wing.

Hyundai Vietnam Shipbuilding, formerly known as Hyundai Vinashin Shipyard, is a 65:35 joint venture set up between Korea Shipbuilding and Vietnam's Vinashin Group.

With the product carrier deal taken into account, Korea Shipbuilding has obtained orders for a total of 59 ships valued at $4.07 billion won so far this year.

Source Text

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Source: Yonhap News (Aug 28, 2020)

* This article was translated from Korean. 
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