Hyundai shipyard off to good start with $130 mln order from European client

By Lim Chang-won Posted : January 18, 2019, 14:58 Updated : January 18, 2019, 14:58

[Courtesy of Hyundai Heavy Industries]


SEOUL -- After a modest recovery in its business last year, Hyundai Heavy Industries was off to a good start this year in efforts to regain its reputation as the world's largest shipbuilder by securing a $130 million fresh order to build two oil carriers for a European client.

Hyundai Heavy said Friday it would deliver the two vessels from the second half of 2020. The shipbuilding group aims to win orders worth $15.9 billion this year, up 21 percent from $14 billion in 2018.

World Maritime News, a shipbuilding news outlet, reported earlier that Danish container shipping giant Maersk Line would send its wrecked ultra large container, Maersk Honam, which was hit by a major fire in March last year in the northern Arabian Sea, to Hyundai Heavy's shipyard for rebuilding. The vessel was cut in two parts at a UAE drydock.

Maersk Honam's 228.5-meter-long section from mid-ship to stern will arrive in the Hyundai shipyard in March aboard a heavy-lift vessel, the news outlet said, adding it would be rebuilt with a new forward section. The ship's front section was wrecked in the fire that killed five crew members.

 
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