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HD Korea Shipbuilding bags $311 mil. order for 5 container ships

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  • Published May 22, 2023 4:29 pm KST
  • Updated May 23, 2023 10:00 am KST

A container carrier built by Hyundai Mipo Dockyard/ Yonhap

HD Korea Shipbuilding Offshore Engineering said Monday it has won a 414.5 billion-won ($311 million) order to build five container vessels for a European shipper.

Hyundai Mipo Dockyard, one of HD Korea Shipbuilding's three affiliates, will build the vessels in its shipyard in the southeastern port of Ulsan, HD Korea Shipbuilding said in a regulatory filing.

The product carriers will be delivered to the undisclosed shipping company by June 2026.

So far this year, HD Korea Shipbuilding has clinched $10.28 billion worth of orders to build 84 ships, or 65.3 percent of its yearly order target of $15.74 billion.

HD Korea Shipbuilding, a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has three units under its wing ― Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries. (Yonhap)