Hyundai Heavy Wins Orders for Gunsan Shipyard

Hyundai Heavy Industries, the world’s biggest shipbuilder, has won a $300 million order to build two very large crude carriers (VLCCs) from Korea Line.

“We’ve won such orders for VLCCs with a 300,000 ton each from the local company about $150 million per vessel,’’ a Hyundai spokesperson said. The official said the company will deliver the ships by the end of 2010.