marine link image

Hyundai Samho Wins Orders for 5 Ships

August 27, 2019

South Korean shipbuilder Hyundai Samho Heavy Industries, a unit of Hyundai Heavy Industries (HHI), received orders for the construction of five vessels.

According to Yonhap, the orders include two liquefied petroleum gas (LPG) carriers and three petrochemical carriers - for some 410 billion won ($337 million) combined.

Hyundai Samho will build two LPG carriers with a cargo capacity of 84,000 cubic meters (2.97 million cubic feet) by November 2021 for 197.3 billion won, for  an unidentified Asian customer.

The Korean shipyard added it has also secured a 211 billion-won order from an Asian shipper to build three petrochemical carriers by September 2021.

Hyundai Samho, under Hyundai Heavy Industries Group, posted sales of 1.6 trillion won in the first half of the year, down 35 percent from a year earlier, but its operating profit swung to black over the cited period.

Logistics News

Crude Oil Loadings Continue at Yanbu Port Despite Pipeline Attack

Crude Oil Loadings Continue at Yanbu Port Despite Pipeline Attack

SeaPort Manatee’s John D. Glass Jr. Promoted to Director of Engineering and Construction

SeaPort Manatee’s John D. Glass Jr. Promoted to Director of Engineering and Construction

Grieg Maritime Group to Install Jet Sails on Fleet

Grieg Maritime Group to Install Jet Sails on Fleet

US Grants $70M to Port of Los Angeles for Maintenance Projects

US Grants $70M to Port of Los Angeles for Maintenance Projects

Subscribe for Maritime Logistics Professional E‑News

After a report about a warship being escorted near the UK, Kremlin said that Russia had 'the right' to defend itself against 'piracy.
The US Postal Service, which is in a financial crunch, has suspended contributions to its pension plan
Sources claim that Tesla is working on a smaller and cheaper EV.