Hyundai Heavy bags deal to build LNG carrier

March 6, 2017

SEOUL, March 6 (Yonhap) — Hyundai Heavy Industries Co., a major shipyard here, said Monday that it has secured a deal to build a LNG carrier, the latest in a series of its shipbuilding contracts.

Hyundai Heavy did not reveal the terms of the contract, but a deal to build a 180,000-cubic meter LNG ship is valued at some US$193 million, according to industry sources.

With the latest deal, Hyundai Heavy has received deals so far this year, valued at a combined $800 million to build a total of six ships, including two very large crude carriers and a floating storage and regasification unit.

Hyundai Heavy closed at 166,000 won on the Seoul bourse, down 0.9 percent from the previous session’s close.

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