Korea Shipbuilding bags orders totaling 211 bln won from Africa

SEOUL-- Korea Shipbuilding & 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

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