Hyundai Heavy Industries Secures Order for Two VLCCs Worth 197.5 Billion KRW from European Shipping Company
[Asia Economy Reporter Kim Daehyun] Korea Shipbuilding & Offshore Engineering announced on the 12th that its subsidiary Hyundai Heavy Industries has signed a contract to build two ultra-large crude oil carriers (VLCC) worth 197.5 billion KRW with a European shipping company. The contract amount represents 3.62% of the consolidated sales in 2019, and the contract period is until August 31, 2022.
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