Hyundai wins order from BP

Hyundai wins order from BP

SEOUL: Hyundai Heavy Industries, the world's largest shipbuilder, said on Thursday it has secured a US$1.5 billion order to build eight liquefied natural gas (LNG) carriers for BP Shipping.

The South Korean shipyard said the deal with the British company was the most valuable single contract ever in the shipbuilding industry.

Hyundai Heavy Industries said it would construct five of the eight LNG carriers while its affiliate Hyundai Samho Heavy Industries would build the remaining three.

The delivery of the vessels is to begin from mid-2007, it said. -- AFP