Hanjin Wins $294M In Orders

Thursday, October 14, 1999
Hanjin Heavy Industries won orders totaling $294 million to build 10 ships for a Dutch firm, a German firm and one other European company. Hanjin Heavy said in a statement that Dutch firm Vroon B.V. ordered two 1,600 teu containerships and two 30,000 dwt chemical ships, worth a total of $96 million. It said Germany's Rickmers Reederei GmbH & Cie KG had ordered four 1,200-teu containerships worth $78 million and one other European company had ordered two 5,600 teu containerships worth $120 million. Hanjin declined to give the name of the other European company. Officials said the company has received orders for 20 ships so far this year, including these 10 ships, and had reached its target for the year of $550 million worth of orders so far.

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