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.

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Shipbuilding Tribune Staff, December 13, 2013