Korea Shipbuilding wins W221b order for 3 oil tankers

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has signed a 220.5 billion-won ($198.6 million) order for three oil tankers.

The order from a European company calls for Hyundai Samho Heavy Industries Co., a unit of KSOE, to deliver the vessels by February 2024, KSOE said in a regulatory filing.

The order has an option to cancel an order for one oil tanker within a given period, the company said. 

So far this year, KSOE has bagged orders for 123 ships, as well as two offshore plants worth $1.1 billion, taking up 74 percent of its annual target of $14.9 billion.

KSOE is the holding company of three shipbuilders--Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co. and Hyundai Mipo Dockyard Co. (Yonhap)