Hyundai Heavy Delivers 100 Million Tons of Ships, Surpasses All Others

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Hyundai Heavy has delivered a total of 1,805 diverse models of ships, ranging from drilling vessels, LNG tankers, LPG carriers and container ships to submarine and naval ships, to more than 280 ship owners in 49 countries worldwide.

The ships include 510 container ships, 351 oil tankers, 343 bulk carriers and 124 product carriers.

‘Last month, HHI won orders for 4 liquefied natural gas (LNG) carriers and 1 LNG floating storage regasification unit (FSRU) worth USD $1.1 billion. The orders included two 162,000 cbm LNG carriers for Golar LNG of Norway and two same-class ships for an unnamed European shipowner.

According to a Dow Jones report in January, HHI’s 2012 annual order and sales targets are up to 19.6% and 9.5%, respectively’ (www.hellenicshippingnews.com).

Asian shipyards, such as HHI are up for challenging ventures as current oil prices and operating costs increase while freight rates becomes increasingly more difficult for ship proprietors.

Source: www.hellenicshippingnews.com

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