Hyundai Heavy Industries Post Big Rise in Orders

Hyundai Heavy Industries has seen a 21.3% increase in the value of newbuilding orders secured last year compared to 2016.

News ID: 78301

Date: 24 January 2018 - 14:22

According to MANA, secured orders worth $4.7bn in 2017 against the $3.8bn achieved the year before taking its backlog to $11.8bn, according to a regulatory filing.

Affiliate Hyundai Mipo Dockyard recorded a 154.5% year-on-year increase in the value of newbuilding orders to $2,3bn in 2017, taking its backlog to $4.2bn.

Hyundai Samho Industries also achieved a 151% increase in new orders in 2017 reaching $2.8bn from the $1.1bn in 2016. It backlog now stands at $4.6bn.