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

Dardanelles Strait Traffic Resumes After Tanker Engine Failure

Dardanelles Strait Traffic Resumes After Tanker Engine Failure

Urals Freight Rates to India Rise Due to Bad Weather, War Risks

Urals Freight Rates to India Rise Due to Bad Weather, War Risks

Diana Shipping Plans Proxy Fight at Genco

Diana Shipping Plans Proxy Fight at Genco

16th Annual Maritime Risk Symposium-Student Research Poster Contest

16th Annual Maritime Risk Symposium-Student Research Poster Contest

Subscribe for Maritime Logistics Professional E‑News

Diana Shipping is ready to nominate six directors for Genco's proxy battle, according to sources
WestJet will no longer offer non-reclinable seats in its economy class after complaints
India fines IndiGo $2.45Million for December cancellations