Hyundai Heavy Says Orders Have Jumped 500%
Hyundai Heavy Industries (HHI) Group says it has secured newbuilding orders for 62 vessels in the first five months of 2017, a 500% increase on a year ago.
According to MANA, The world’s largest shipbuilder said the year-to-date orders were worth a total of $3.8bn, in a statement issued on 1 June 2017.
In May alone, HHI Group netted 20 ships worth $1.3bn, a figure that could increase to 29 ships worth $1.9bn if all the attached options are exercised.
A spokesman for the group said the year-to-date order tally of 62 ships represents 51% of its annual order target of $7.5bn.
He added that, according to Clarksons, the HHI Group has secured half of all VLCC orders ordered globally so far this year with 14.
In May alone, HHI Group netted 20 ships worth $1.3bn, a figure that could increase to 29 ships worth $1.9bn if all the attached options are exercised.
A spokesman for the group said the year-to-date order tally of 62 ships represents 51% of its annual order target of $7.5bn.
He added that, according to Clarksons, the HHI Group has secured half of all VLCC orders ordered globally so far this year with 14.