Hyundai Heavy wins tanker contract

[THE INVESTOR] Hyundai Heavy Industries has won a contract for two oil tankers from a Greek shipping company.

According to industry sources, HHI was signed on my Greece’s Enterprises Shipping and Trading to build two Suezmax tankers last month.

The contract is reported to be worth US$ 57 million for each vessel. Local media citing unnamed sources also reported that the contract comes with an option for three more vessels.

With this new order, HHI and its subsidiary Hyundai Samho Heavy Industries have won contracts for 17 vessels this year.

By Choi He-suk (cheesuk@heraldcorp.com)