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And then there were 10 - HHI builds another dock

And then there were 10 - HHI builds another dock

Ulsan: Amid an unprecedented orders boom the world's largest shipbuilder South Korea's Hyundai Heavy Industries Co will build its 10th dry dock.
The construction of the dry dock, 640 meters long and 92 meters wide, will be completed by January 2009, the shipbuilder said.
"We have a three-year backlog and our nine dry docks are already fully booked, while owners cannot wait for a long time to have their ships delivered," a Hyundai Heavy official said.
According to the official, Hyundai Heavy plans to establish a crane which has a lifting capacity of 1,600 tons at the 10th dock.
The shipbuilder has clinched orders of around US$11 billion so far this year, achieving more than 80 per cent of its 2007 target.
In the first six months of the year, local shipbuilders also secured a record US$33.2 billion worth of orders, buoyed by a surge in global demand for new vessels, up 51.3 per cent from a year earlier.
While many of its compatriots have headed overseas to expand production, HHI, aware of technology leaks, is keen to grow production at home hence its decision to build a block building site at Pohang as well as making subsidiary Hyundai Samho more geared  up for LNG and FPSOs.  [10/08/07]

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