Hyundai Heavy, Daewoo Win $4.9b in Contracts

Friday, June 06, 2008

Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. said that they have won a combined $4.9b worth of deals in the past week to build 30 vessels, including oil tankers and bulk carriers.
During an international shipping exhibition held in last week, Hyundai Heavy Industries, the world's largest shipyard, received deals valued at $2.4 billion to build 22 ships, including 16 oil tankers. So far this year, the shipyard has won deals worth $12.3 billion to build 94 vessels, up 37 percent from a year earlier.
Daewoo Shipbuilding has received $5.6 billion worth of orders this year, achieving about a third of this year's target of $17.5 billion. Its backlog reached $41.5 billion.
Shipyards in , the world's largest shipbuilding nation, are building new docks and expanding facilities to meet increased global shipbuilding demand.

Source:  Trading Markets

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Seaspan Acquires Sixth 14000 TEU Boxship

Seaspan Corporation  announced today that it accepted delivery of a 14000 TEU containership, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co.

Newport News Shipbuilding Converts to Natural Gas

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has converted its steam-generation plant from heavy fuel oil, also known as Bunker C,

French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1280 sec (8 req/sec)