HHI Secures $3b in Orders for May

Thursday, May 31, 2007
Hyundai Heavy Industries Co said it secured orders for 31 vessels worth $3.3b in May. According to AFX News, it is the largest ever monthly shipbuilding orders total. The figure, which beat the previous record of $2.6b set a year ago, includes its affiliate Hyundai Samho Heavy Industries' orders for seven ships worth $700m. In the five months to May, Hyundai Heavy and Hyundai Samho's orders totaled $8b for 82 ships. Driven by a rise in international trade and freight rates, the company expects more new orders in the coming months. As of May, Hyundai Heavy and Samho's backlog of orders has reached 290 ships,worth $28b, which will keep its shipyard busy for at least 3.5 years. Source: AFX News

Maritime Today

The Maritime Industry's original and most viewed E-News Service

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


Damen Crane Barge and Anti-Pollution Barge Delivered

Damen Shipyards Sharjah has delivered two barges, a Crane Barge 4920 and an Anti-Pollution Barge 2405, to BINCO, a contractor in the Middle East with over 30 years

DNV GL Approval for DSIC's LNG-fuelled VLCC Design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude

USN Issues Full Funding for LCS "Cooperstown"

As part of the Littoral Combat Ship (LCS), the US Navy has awarded to the consortium which includes Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM),

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Salvage Shipbuilding / Vessel Construction Sonar Winch
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: 0.0925 sec (11 req/sec)