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Hyundai Heavy, Daewoo Shipbuilding win orders worth $4.9bn

Hyundai Heavy, Daewoo Shipbuilding win orders worth $4.9bn

Athens: Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. said Wednesday that they have won a combined US$4.9 billion worth of deals in the past week to build 30 vessels, including oil tankers and bulk carriers.
During Posidonia, Hyundai Heavy Industries, the world's largest shipyard, received deals valued at $2.4 billion to build 22 ships, including 16 oil tankers. So far this year, the shipyard has won deals worth $12.3 billion to build 94 vessels, up 37 percent from a year earlier.
Daewoo Shipbuilding & Marine Engineering, the world's third largest shipyard, won $2.5 billion of orders in the past week to build 8 vessels that can carry oil and commodities as well as drill for crude.
Daewoo Shipbuilding has received $5.6 billion worth of orders this year, achieving about a third of this year's target of $17.5 billion. Its backlog reached $41.5 billion. [4/6/08]


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