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

DFC, Chubb Announce Additional Partners and Maritime Reinsurance Coverage

DFC, Chubb Announce Additional Partners and Maritime Reinsurance Coverage

Petronas-Chartered Tanker Passes Through Hormuz

Petronas-Chartered Tanker Passes Through Hormuz

Ukrainian Drones Sink Russian Cargo Vessel

Ukrainian Drones Sink Russian Cargo Vessel

Operations Begin at Jubail Container Terminal in Saudi Arabia

Operations Begin at Jubail Container Terminal in Saudi Arabia

Subscribe for Maritime Logistics Professional E‑News

Japanese LNG tanker crosses Strait of Hormuz
Trump says he will strike Iran's infrastructure on Tuesday, if the Strait is blocked
Charity groups say that ships near Italy have rescued 32 migrants and 71 others who were lost at sea.