Hyundai Mipo Signs Six PCs

Hyundai Mipo Signs Six PCs

Hyundai Mipo Dockyard Co. Ltd. (HMD), one of the world’s top five shipbuilders with world share rank 1st (50%) in PC (Product Carrier) segment, has won another major contract boosting its orderbook to $4.1 billion.

HMD announced today in a regulatory filing that it has signed a deal for five product carriers. The vessels, to be built for a European shipowner, will be delivered by the end of August 2016.

According to the filing, the contract is estimated to be worth around $187 million.

Hyundai Mipo Dockyard Co., Ltd. (HMD), founded in 1975, entered into the newbuilding market in 1996 and has since specialized in medium-sized vessels of high quality. HMD delivered over 1 million CGT in 2007, making it the 4th in the world. The yard is a member of Hyundai Heavy Industries Group and listed on KOSPI (Korea Composite Stock Price Index).


SBT Staff, November 22, 2013



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