Monday, July 25, 2011

Hyundai doubles orders



South Korea's Hyundai Heavy Industries announced that new order for shipbuilding in H1 has increased over twice as much as the same period last year, to $8.52bn.

Hyundai won $1.26bn orders of four containerships, one oil-tanker, two LNG carriers, one LPG carrier, one special ship and naval vessel, etc, just in June.

As of the end of June, Shipbuilding has already reached over 10% of order target.

In the first half of 2011, the Korean shipbuilder recorded total 40 ships of new orders, including nine drillships, four containerships, three oil-tanker, three LNG carriers, one special ship, one naval vessel, one pure car carrier, etc.

Its orderbook as of the end of June counts at 191 vessels, decreased 4% to $24bn from the previous month.

In case of Offshore & Engineering division, order intake has increased by 21% to $3.23bn from the first half 2010, however, winning orders has been slowing down since April.



Published : July 25, 2011

Source: Asiasis


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