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Hyundai Heavy wins contract to build 2 oil tankers

[THE INVESTOR]Hyundai Heavy Industries has clinched a deal to build two oil tankers, industry sources said on Oct.5. Under the contract with a European client, Hyundai Heavy will deliver the vessels starting in 2018.

Hyundai Heavy has bagged deals to build 18 ships in the first eight months of this year. But the total value of the deals fell 75.7 percent on-year to reach US$2.27 billion.