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Hyundai Mipo Gets Order for Two PCs amid Order Drought

Hyundai Mipo

 

In the midst of a prolonged order drought for the Korean shipbuilding industry, Hyundai Mipo Dockyard is known to have succeeded in winning an order for two product carriers. According to industry sources on May 12, Hyundai Mipo Dockyard received an order for two 40,000-dwt product carriers from a foreign shipowner last month.

 

Costing about $40 million-$50 million apiece, the product carriers are less expensive than general containerships or LNG carriers. Given that the nation’s top three shipyards, Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, however, failed to win any ship order last month, this is welcome news for the nation’s shipbuilding industry.

 

Hyundai Mipo Dockyard did not unveil details of the order, due to its non-disclosure agreement with the foreign shipowner.

 

The latest order has increased the number of ships Hyundai Mipo Dockyard obtained so far this year up to three, including one product carrier in January. Hyundai Heavy Industries Group won orders for a total of eight ships this year, including three for Hyundai Heavy Industries and two for Hyundai Samho Heavy Industries.

The Original Posted by dodo@hankyung.com

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