Hyundai shipyard wins $320m

Thu, 13 Nov 2003 | Source: AFP

SEOUL: South Korea's Hyundai Mipo Dockyard Co. Ltd., affiliated with the world's largest shipbuilder Hyundai Heavy Industry, said on Wednesday it has won new orders worth about US$320 million.

The orders came from two separate deals to build six container ships worth $258 million for Germany's Rickmers Reederei Gmbh and two petrochemical carriers worth $62 millions for Vroon BV of the Netherlands, it said.

Hyundai Heavy Industry retains a 27-percent stake in Hyundai Mipo.-- AFP

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