Hyundai Heavy, unit win $1.6 bln order from Maersk

SEOUL - Hyundai Heavy Industries Co Ltd, the world's top shipbuilder, said on Wednesday that it and a unit had won a combined $1.6 billion order to build 18 container ships for A.P. Moller-Maersk

By (Reuters)

Published: Wed 25 Jun 2008, 3:07 PM

Last updated: Sun 5 Apr 2015, 1:13 PM

South Korea-based Hyundai Heavy and unit Hyundai Samho Heavy Industries Co Ltd have received orders for 13 and five ships, respectively, at $90 million per vessel, a Hyundai Heavy spokesman said by telephone.

Danish shipping and oil group Maersk, operator of the world's largest container shipping line, said on Tuesday it had signed a deal with Hyundai for delivery of 18 container vessels in 2011 and 2012. It did not disclose the value.

Hyundai Heavy and Hyundai Samho have won a total of $16.65 billion worth of orders so far this year, up 27 percent from the same period of 2007, the Hyundai Heavy spokesman said.

More news from Business
In-store shopping regains trust


In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business3 days ago