DSME, HHI Land Year’s Final Orders

DSME

Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries Group have won orders near the end of the year.

DSME received an additional order of six container vessels worth 891.8 billion won (US$768 million) from an African client on Dec. 27. DSME will deliver the vessels to their owner by the end of October 2022.

This year, DSME received orders for a total of 39 ships worth US$6.88 billion (approximately 7.97 trillion won), including 10 LNG carriers, 10 super-large crude oil carriers, 11 container ships, two LPG carriers, five submarines (including one for maintenance) and one offshore plant. The latest order from Africa allowed the shipbuilder to attain 82 percent of this year’s target of US$8.73 billion. This year’s total order value is US$70 million more than last year’s US$6.81 billion.

Hyundai Samho Heavy Industries, a subsidiary of Hyundai Heavy Industries Group, won an order for a mammoth-sized crude oil carrier for 109.4 billion (US$94.3 million) and an LNG carrier for 214.3 billion won (US$185 million) from an Asian shipping company. These contracts will run out in August 2021 and June 2022, respectively. However, these additional orders will not be counted in this year’s orders as they are conditional deals, depending on implementation by the ship owner and Hyundai Heavy Industries Group.

Source: businesskorea.co.kr

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