Hyundai Samho Heavy Industries, an affiliate of
[THE INVESTOR] Hyundai Samho Heavy Industries, an affiliate of Hyundai Heavy Industries has secured an order from a Greek shipping company to build two very large crude carriers, industry sources said Aug. 9.
This is the first deal clinched by HHI and its affiliates of, the first of its kind this year, the sources, estimating its value at US$180 million. The ships will be delivered during the first half of 2018, the sources said.
South Korean shipbuilders have been under severe financial strain since the 2008 global economic crisis that sent new orders tumbling amid a glut of vessels and tougher competition from Chinese rivals.
