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

188 Merchant Marine, Military Officers Graduate from USMMA

188 Merchant Marine, Military Officers Graduate from USMMA

Congressman Suozzi Delivers Keynote at Webb Graduation

Congressman Suozzi Delivers Keynote at Webb Graduation

International Chamber of Shipping Appoints John Denholm as Chairman of the Board

International Chamber of Shipping Appoints John Denholm as Chairman of the Board

DP World Cochin Sees Highest Monthly Throughput in May

DP World Cochin Sees Highest Monthly Throughput in May

Subscribe for Maritime Logistics Professional E‑News

Uber board accused of cutting corners in compliance leading to sexual harassment lawsuits
Grid operator: Britain will have enough power this winter
The Ukrainian Economy Ministry proposes a 30% increase in rail freight rates