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Hyundai Win Lucrative New Contracts

Maritime Activity Reports, Inc.

January 2, 2003

Hyundai Heavy Ind. has started the new year right, reportedly winning new contracts for the offshore market. HHI is said to have snagged a $750 million contract to build an offshore oil facility for Exxon Mobil. According to the company, it will build and install a floating facility for in Angola by 2005. Hyundai also won a $160 million offshore facility construction order from China's CACT OG.
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