Hyundai Mipo Wins Order for LPG Pair
- Business & Finance
Hyundai Mipo Dockyard, a subsidiary of South Korean shipbuilding giant Hyundai Heavy Industries, has received an order for construction of two LPG carriers from an undisclosed client registered in Marshall Islands.
The LPG pair is valued at KRW 115.3 billion (around USD 98.5 million), Hyundai Mipo said in a filing to Korea stock exchange.
The two ships are scheduled to be completed and handed over by the end of August, 2017.
The announcement comes just a few days after the shipyard completed construction of its first-ever LEG carrier.
The ship, named Othoni after a Greek island, was christened at the yard on July 17th.
The ship is the first of five LEG carriers ordered en bloc in September 2013 by a Greek owner Eletson.
The Othoni boasts a length of 147 meters, width of 22.6 meters and a depth of 12.6 meters, featuring three cargo tanks with a combined capacity of storing 12,000 cubic meters of liquid ethylene gas.
World Maritime News Staff