HHI wins US drillship order

Seoul: Hyundai Heavy Industries (HHI), the world's largest shipbuilder, said Tuesday that it has bagged a 590bn won (US$525m) deal to build a drillship for Diamond Offshore Drilling of the US. The ship will be delivered in the middle of 2013 and will be able to drill to depths of 3,600 m. HHI is aiming for orders of $26.6bn this year, up 55% from 2010's total. Yesterday's order was the first in Korea.  [05/01/11]