HHI wins boxship sextet

Hyundai Heavy Industries (HHI) has won a deal valued at 794 billion won ($843 million) to build six container ships. The deal with a European shipping company calls on HHI to deliver the vessels by May 2011.

The shipbuilder has enough orders to keep it busy for about four years. To meet rising demand in newbuildings, HHI is building two more docks. The company delivered 81 vessels valued at $6.85 billion last year, compared with 73 vessels worth $4.81 billion in 2006. This year, Hyundai Heavy plans to deliver 134 ships and expects to win $27.4 billion worth of orders.