Korea Shipbuilding bags orders totaling 211 bln won from Africa
SEOUL-- Korea Shipbuilding &amp;amp;amp;amp;amp;amp; Offshore Engineering Co. (KSOE) said Monday it has won ship orders totaling 211.1 billion won (US$174 million) from Africa.
Under the deals, KSOE will build five 1,800 twenty-foot equivalent unit (TEU) container carriers for African shipping companies, the shipyard said in a statement.
Hyundai Mipo Dockyard Co., a KSOE affiliate, will build those vessels and deliver them by the first half of 2024.
KSOE has clinched orders to construct 64 ships worth $6.6 billion so far this year, or 37.5 percent of its $17.44 billion yearly target.
Hyundai Heavy Industries Holdings has KSOE as a subholding company under its wing. KSOE has three shipbuilding affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries Co.
Source: Yonhap News Agency