Hyundai Heavy Industries Wins New Orders on Tanker Vessels

Hyundai Heavy Industries Co., Ltd (HHI) announced  that it won an order to build two crude carriers from a shipping company based in Europe.

The ships would be built by the group’s Hyundai Samho Heavy Industries brand and are scheduled to start delivery in the second half of 2020

The world’s largest shipbuilder by sales said that the unnamed European shipowner is paying $130m for the two 158,000-dwt vessels.

HHI will deliver the 274-meter-long and 48-meter-wide vessels from the second half of 2020 onward, the company said.

According to Yonhap report, Hyundai Heavy and its two affiliates are aiming to win $15.9 billion worth of shipbuilding deals this year, up 21 percent from a year earlier.

Last year, they secured $14 billion worth of deals to build a total of 163 ships, surpassing their annual order target of $13.2 billion.