Hanjin Heavy grabs Belgian container ship order

Hanjin Heavy Industry has secured a $224 million shipbuilding order from a new European client on the back of increased shipping volumes and fees. Delphis of Belgium placed an order for Hanjin Heavy to build four large-sized container ships by the end of 2010.

The South Korean shipbuilder said the order added to its heavy backlog of more than three years and brought the shipbuilder’s order book to 17 vessels worth $1.3 billion. The order book is now at over 70% of Hanjin?s $1.7 billion yearly target.