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

CSP Iberian Bilbao Terminal Receives STS Crane

CSP Iberian Bilbao Terminal Receives STS Crane

C&C Marine and Repair's Robotic Blast Facility Completes 700 Barges

C&C Marine and Repair's Robotic Blast Facility Completes 700 Barges

Mooreast to Divest Property, Boost Offshore Wind Expansion

Mooreast to Divest Property, Boost Offshore Wind Expansion

ADNOC LNG Tanker Crosses Strait of Hormuz

ADNOC LNG Tanker Crosses Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

Rio Grande extends its LNG facility construction in Texas for three years
Data shows that shipping traffic through Hormuz is still low, despite the absence of any US-Iran agreement.
Source: Ukraine will take action against Israel if a grain ship docks