The Korea Herald

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Hyundai Mipo bags $300m in orders for ships

By Korea Herald

Published : May 23, 2013 - 20:04

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Hyundai Mipo Dockyard Co., a South Korean shipbuilder, said Thursday that it has recently clinched a combined $300 million worth of orders to build 10 vessels, including seven chemical carriers.

Hyundai Mipo, a unit of the country’s leading shipbuilder Hyundai Heavy Industries Co., did not give specifics on the terms of the deals and reveal the names of the buyers.

In March, the shipbuilder also secured a massive shipbuilding deal valued at 315 billion won to construct four vessels as well.

Hyundai Mipo said earlier it is targeting orders worth $3.2 billion this year and aims to log 3.6 trillion won in sales. The shipbuilder has won deals valued at $2.1 billion so far this year to build 64 ships. (Yonhap News)