Hyundai Mipo Pens Major Deal with BP Shipping
South Korean shipbuilder Hyundai Mipo Dockyard Co. (HMD) said in a regulatory filing today that it has secured a contract valued at 602.7 billion won ($573.4 million) to deliver 14 petroleum product carriers to Britain’s BP Shipping Ltd.
At the end of November, HMD won another major contract boosting its orderbook to $4.1 billion. The signed deal was related to five product carriers for a European shipowner, to be delivered by the end of August 2016.
The contract was estimated to be worth around $187 million.
Shipbuilding Tribune Staff, December 13, 2013