Hyundai Vinashin Shipyard (HVS) started its new shipbuilding business with the keel-laying of a 56.000 DWTbulk carrier on March 15. Repairing ships along with building new ones since 2008. the company made the full shift from ship repairs to shipbuilding this year.
With the help of Hyundai Mipo for engineering, production and sales, ships HVS has built are already drawing positive responses from the market. Since its first new delivery of two ships in 2009. HVS has handed over nine new ships so far. The company plans to deliver eleven ships this year and sixteen ships in 2012.
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Source: HyundaiMipo, May 18, 2011.