Hyundai Mipo Dockyard Co., a South Korean shipbuilder, has clinched a 331 billion won ($311 million) deal to build 10 vessels, the company said Monday.
Under the deal with an American shipping firm, Hyundai Mipo will deliver the vessels carrying petrochemical goods by June 2015, the company said in a regulatory filing.
Hyundai Mipo, a unit of South Korea’s leading shipbuilder Hyundai Heavy Industries Co., did not identify the name of the buyer.
Hyundai Mipo said it targets orders worth $3.2 billion this year, and aims to log 3.6 trillion won in sales.
The shipyard did not offer comparable figures for the year.
The shipbuilder also said it will spend 48.5 billion won expanding facilities. (Yonhap News)
