Hyundai Samho Receives USD 280 Mn Orders for Two Ships

BY Tiya Chatterji january 2, 2020

Hyundai Samho Heavy Industries which is a part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a exorbitant combined worth of KRW 323.7 billion (USD 280.2 million).

As per the first deal, the shipbuilder will build a very large crude oil carrier (VLCC) for an undisclosed ship owner in Asia. The vessel is expected to be delivered by August 31, 2021, Hyundai Samho said in a stock exchange filing on December 30, 2019.

The second shipbuilding contract includes the manufacture of a liquefied natural gas (LNG) carrier that would be constructed for another Asian company. This new build vessel as informed, is scheduled to be handed over to its owner by June 13, 2022.

The latest announcement follow a number of orders secured by Hyundai Samho over the past few weeks, the most recent being a KRW 218.8 billion contract for two VLCCs.