Hyundai to build 10th dock

Hyundai Heavy Industries plans to spend 134.1 billion won ($143 million) on building another dry dock because of growing orders for container ships and other vessels.

This will by Hyundai?s 10th dock, and will measure 640 metres long and 92 metres wide and will be constructed in the port of Ulsan. The company also said that it plans to erect a gantry crane with a lifting capacity of 1,600 tonnes at the new dry dock.

The shipbuilder has clinched orders of around $11 billion so far this year, achieving more than 80% of its 2007 target.