Mipo provides support to KPSI

Hyundai Mipo Dockyard and Kvaerner Philadelphia Shipyard Inc in the US have signed a shipbuilding technology support agreement under which MIPO will provide ship design of 12 product carriers, shipbuilding technology and supply of marine equipment to KPSI at the price of $26.92 million. The contract will be valid from May 2005 to December 2009.