Hyundai Mipo wins five PTs

Hyundai Mipo Dockyard Co., received a $245 million order to build five 51,000 DWT product tankers for a European company. The Korean shipbuilder will deliver the newbuildings by January 2011. The shipyard declined to disclose the European company’s name due to a confidentiality agreement.

Hyundai Mipo, a subsidiary of HHI, said it has won a total of $2.93 billion worth of shipbuilding orders so far this year.