Tuesday, April 10, 2012

Oriental inks deck houses



Oriental Precision & Engineering of South Korea contracted an order for a deck house, valued at about KRW 8.44bn ($7.42m), with Oshima Shipbuilding of Japan, according to a regulatory filing on April 9.

Delivery is due by April 20 2013 and total contract value accounts for about 2.1% of recent annual turnover.

Also, Oriental inked an order for around KRW 12.49bn of deck house supply with delivery for June 12 2012 from Hyundai Mipo Dockyard on March 15.

Meanwhile, the marine parts maker has started a creditors-led restructuring on February 29 this year which is to last until May 29.

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