Hyundai Heavy Industries revealed that it contracted overall $17.27bn during the first ten months of this year, down by 24.8% year-on-year, in a regulatory filing on November 15.
As for new orders inked by each division during January-October period, Shipbuilding division saw 47.8% decrease year-on-year to $52.95bn and Offshore & Engineering declined by 53.7% to $1.62bn.
On the contrary, Industrial Plant & Engineering contracted $3.77bn, soared by 279.1% on the same period of last year.
In October alone, industrial plant & engineeing booked $3.22bn of orders.
Published : November 16, 2012
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