Hanjin Heavy wins order for bulker

Hanjin Heavy Industries & Construction, South Korea’s seventh-largest shipbuilder, has won a 108 billion won ($99.9 million) order to build a bulk carrier. The deal with an unidentified Asian shipping company calls for Hanjin Heavy to deliver the vessel by April 2011.

Hanjin Heavy’s backlog now has reached 90 ships worth more than $7.5 billion.