Hyundai Heavy Industries Co., a major South Korean shipyard, said Monday it has secured a 229-billion won (US$188 million) order to build a liquefied natural gas (LNG) carrier.

Under the deal with an Oceanian shipper, Hyundai Heavy will deliver the vessel with a cargo capacity of 174,000 cubic meters by January 2022, the shipbuilder said.

In June, the company was split into Korea Shipbuilding & Offshore Engineering (KSOE) Co. and a reorganized Hyundai Heavy Industries as a part of its plan to acquire Daewoo Shipbuilding & Marine Engineering Co.

Source: Yonhap