Friday, November 30, 2012

[Marine] HMD closer to Target

HMD closer to Target

Hyundai Mipo Dockyard in Korea appears to achieve 90% of its new order target for 2012 by the end of this year.

Huh Sung-Duk of Hi Investment & Securities said "With recent orders for a pair for Con-Ros for Grimaldi, Hyundai Mipo reached 68% of its $3.2bn of order target with $2.16bn."

He forecasted that Hyundai Mipo will concentrate on product carrier orders and said "As refinery plants in the Middle East to be completed, demand for newbuilding PC will grow next year."

Meanwhile, Huh said "Due to strong won and continued loss occurred from Hyundai-Vinashin Shipyard, Hyundai Mipo's profits for the third quarter stood below market consensus."


Published : November 29, 2012


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