Korea Shipbuilding signs a two-ship deal

Korea Shipbuilding & Offshore Engineering said Tuesday that it has won an 87-billion-won ($72.6 million) deal from an Asian company to construct two petrochemicals (PC) carriers.

Under the deal, Hyundai Mipo Dockyard, a shipbuilding unit of Korea Shipbuilding, will start building the 50,000-ton ships in November and deliver them to the buyers from the second half of 2021, Korea Shipbuilding said in an emailed statement.

The deal includes an option to build two additional PC carriers.

So far this year, Korea Shipbuilding has won orders to build a total of 22 PC carriers, including the latest deal.

Korea Shipbuilding, newly formed from Hyundai Heavy Industries, is the subholding firm of Hyundai Heavy Industries Holdings and has three shipbuilders — Hyundai Heavy, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries — under its wing.

Yonhap