Korean shipyards win combined $2.3 bln in orders

Hyundai Heavy Industries and two other South Korean shipyards said that they have received orders valued at a combined 2.4 trillion won ($2.32 billion) to build 17 ships. Hyundai won an order from a European shipping company to build 18 container vessels worth 1.22 trillion won. The company said it will receive a record $16.7 billion of shipbuilding orders for the six months until June and is expecting to win orders valued at $29.4 billion this year.

Meanwhile, Samsung Heavy Industries has won a contract from a U.S. company to build a drill ship for 701.8 billion won while DSME has received an order from Europe to build three tanker ships for 481 billion won.