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

Saturday, January 1, 2011

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.

Categories: Shipbuilding

Related Stories

CMA CGM Places First Order for Indian-Built Vessels

Op-Ed: Want More Ships? Fix How Washington Builds Them

South Korea's HD Hyundai Heavy Eyes Acquisition of US Shipyard

Current News

Suburban Propane President & CEO Honored with Dual Awards

Chinese Sanctions on Hanwha Put $150B South Korea-US Shipbuilding Plan at Risk

New Stena Line Vessel to Set Sail for Home Port

SC Ports Records Strong Growth in Q1 of FY26

Subscribe for Maritime Logistics Professional E‑News