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Saturday, September 21, 2019

Maritime Logistics Professional

September 10, 2019

Hyundai Wins LNG carrier Order from H-Line

Image: Hyundai Heavy Industries Group

Image: Hyundai Heavy Industries Group

Hyundai Samho Heavy Industries (HSHI), a unit of the South Korean shipbuilder Hyundai Heavy Industries (HHI), has won an order for a liquefied natural gas (LNG) carrier.

According to a stock exchange announcement by HHI, the deal has a value of $191.2 million.

Yonhap reported that, under the deal with H-Line Shipping Co., a midsize South Korean shipper, Hyundai Samho will deliver the vessel with a cargo capacity of 174,000 cubic meters by December 31, 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 the black over the cited period, the report said.