SEOUL-- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has received a 745 billion won (US$573 million) patrol vessel order from the Philippines.
Under the deal signed in Manila, Korea Shipbuilding will build six 2,400-ton offshore patrol ships for the Philippine Navy by 2028, the company said in a statement.
HD Hyundai, formerly known as Hyundai Heavy Industries Holdings, has KSOE as a subholding company under its wing. KSOE has three major affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries Co.
Source: Yonhap News Agency