[Featured Stock] Korea Shipbuilding & Offshore Engineering, New Year Order Boon... Intraday Stock Price Up

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] Korea Shipbuilding & Offshore Engineering, the intermediate holding company for shipbuilding under Hyundai Heavy Industries Group, is showing an upward trend during trading hours as it announces new orders starting the new year.

At 2:09 PM on the 4th, Korea Shipbuilding & Offshore Engineering was trading at 97,900 KRW, up 4.15% from the previous trading day. At the same time, Hyundai Mipo Dockyard was trading at 74,600 KRW, up 6.57% from the previous day.

On this day, Korea Shipbuilding & Offshore Engineering disclosed that it had signed construction contracts for six 15,000 TEU-class LNG-powered large container ships with a European shipping company, one 174,000 ㎥-class large LNG carrier with an Asian shipping company, and three feeder container ships (1,800 TEU-class) with an Oceania-based shipping company. The six large container ships and one large LNG carrier will be built at Hyundai Samho Heavy Industries and are scheduled to be delivered sequentially starting in 2024, while the three feeder container ships will be constructed at Hyundai Mipo Dockyard and are expected to be delivered to the shipowners starting in the second half of next year.

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