Samsung Heavy wins $1.29b Order

Samsung Heavy Industries Co., won a $1.29b order to build eight container ships for a European company. The vessels will be delivered by 2011, the company said in a regulatory filing. Samsung Heavy said on April 30 that it has received $6.8 billion in new orders this year, more than half of its 2007 target of $11 billion. Source: Business in Asia Today - May 07, 2007