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

Virgin Voyages Now Sailing from Port of Los Angeles

Virgin Voyages Now Sailing from Port of Los Angeles

Jones Act Waiver Not Boosting Oil Flows Within U.S.

Jones Act Waiver Not Boosting Oil Flows Within U.S.

Tom Drumm Appointed as Executive Director & CEO by Port of Oswego Authority

Tom Drumm Appointed as Executive Director & CEO by Port of Oswego Authority

DP World, Ichijo Komuten Expand Japan-Philippines Shipping Route

DP World, Ichijo Komuten Expand Japan-Philippines Shipping Route

Subscribe for Maritime Logistics Professional E‑News

Sources say that the Sheskharis terminal in Russia's Black Sea halted loadings following a drone attack.
French high-speed trains collide with military trucks, killing the train driver
ICE arrests more than 800 after receiving tips from the US Airport Security Agency