Hanjin wins deals worth US$300m

Hanjin wins deals worth US$300m

SEOUL : South Korea's Hanjin Heavy Industries said Monday it had won shipbuilding orders worth more than US$300 million to build five vessels for Swiss and German clients.

Hanjin Heavy Industries Co. said it had sealed a 243.6 billion won ($201.7 million) deal to build three container ships for Compania Naviera Maeva SA of Switzerland by 2005.

In a separate contract worth 162.4 billion won, Hanjin said it is to construct two container ships for Kommanditgesellschaft Vierte Oceanus Schiffahrts Gmbh Co. of Germany by 2005. --AFP