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

Bulk Carrier on Fire After Russian Attack

Bulk Carrier on Fire After Russian Attack

Brazil to Auction Santos Container Terminal in Early March

Brazil to Auction Santos Container Terminal in Early March

California Ports Elect Dr. Noel Hacegaba as New President

California Ports Elect Dr. Noel Hacegaba as New President

IMO Challenged Over Livestock Carrier Regulations

IMO Challenged Over Livestock Carrier Regulations

Subscribe for Maritime Logistics Professional E‑News

IndiGo, India's largest airline, estimates a payout of over $55 Million to its customers after flight cancellations
US: Belarus has agreed to stop balloon flights into Lithuania
Tensions between Venezuela and the US spike after a tanker is seized as Nobel laureate vows to change