World's Largest Shipyard Expects 54% Order Boost in '11

Hyundai Heavy Industries, the world’s largest shipyard, expects to boost orders 54 percent in 2011, driven by new ship and offshore demand, according to a recent report on Bloomberg. The news agency, citing a regulatory filing by HHI, reports that new contracts may total $26.6b, the highest since 2008.

Hyundai Mipo Dockyard Co., a unit of Hyundai Heavy, is reportedly targeting $3.3 billion of orders next year and sales of 4.2 trillion won, it said in a filing.