News ID: 72526 |
Publish Date: 15:52 - 21 February 2017

Strong Start for HHI in 2017

South Korea’s Hyundai Heavy Industries (HHI) on Tuesday won an order to build two 320,000 dwt very large crude carriers (VLCCs) for a Greek customer, officials from the shipbuilder told Fairplay.

Strong Start for HHI in 2017
According to MANA, the VLCCs are expected to be built by the end of 2018, Fairplay was told.
Shipbroking sources estimate that a newbuilding VLCC costs about USD80 million currently.
The order comes just after HHI won a contract to build a floating storage regasification unit from a Turkish consortium comprising Kolin Construction and Kalyon Group.
After struggling to win orders in 2015 and 2016, HHI, the world’s largest shipbuilder appears to have gotten off to a strong start for 2017, winning two VLCC orders from DHT Maritime and one FSRU order from Hoegh LNG in January.
HHI achieved a KRW682.3 billion (USD566.9 million) net profit for 2016.
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