Korea Shipbuilding & Offshore Engineering Wins Order for 10 PC Ships in Saudi Arabia... Approximately KRW 490 Billion

[Asia Economy Reporter Park So-yeon] Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, has secured a large-scale ship order from Saudi Arabia.

Korea Shipbuilding & Offshore Engineering recently announced on the 21st that it signed a construction contract worth 485 billion KRW for ten 50,000-ton petrochemical product carriers (PC ships) with Bahri, the Saudi Arabian state-owned shipping company.

The ordered vessels will be built at Hyundai Mipo Dockyard in Ulsan and are scheduled for sequential delivery by February 2023.

This contract is known to be based on the trust relationship with Bahri of Saudi Arabia.

Korea Shipbuilding & Offshore Engineering has so far secured orders for 51 vessels from Bahri, including very large crude carriers, PC ships, and container ships, and is also collaborating on the Saudi joint shipyard (IMI) project.

A representative from Korea Shipbuilding & Offshore Engineering said, "We secured this order based on our experience of building more than 800 PC ships, the most in the world, and our relationship with Bahri."

This year, Korea Shipbuilding & Offshore Engineering has ordered 34 PC ships and currently holds 63 vessels (46%) out of the 137 PC ships on order worldwide.

This content was produced with the assistance of AI translation services.