Hyundai Heavy awarded deal to build 3 iron ore carriers

SEOUL-- A South Korean shipping firm said Wednesday that it has placed an order with Hyundai Heavy Industries Co., a major shipyard here, to build three very large iron ore carriers.

The terms of the deal were not disclosed, however.

Polaris Shipping Co., a mid-sized shipping firm, said the 325,000-ton iron ore carriers will replace some of its aged ships.

A cargo ship operated by Polaris Shipping sank in the Atlantic Ocean in April this year with its crew still missing.

Source: Yonhap News Agency

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