Hyundai Mipo Shipbuilding Wins An Order Worth 152 Billion WON For 3 Vessels

Hyundai Mipo Shipbuilding has received orders for three ships worth 152 billion won in total, and is continuing the order march at the beginning of the year.

Hyundai Mipo Shipbuilding announced on the 8th (Mon) that it has recently signed contracts with Oceania-based shipping companies for a total of three vessels, including two 40,000 cubic meters (m³) medium-sized LPG carriers and one 40,000-ton PC ship. In particular, the PC ship contract includes one option for a ship of the same class, so additional orders are expected in the future.

The LPG carriers and PC ships that were ordered this time will be built at the headquarters of Hyundai Mipo Shipbuilding and Hyundai Vietnam Shipbuilding (HVS), respectively, and will be delivered to ship owners in the second half of next year.

LPG Carrier Alfred Temile
Image Credits: hmd.co.kr

According to Clarkson Research, a market analysis agency for shipbuilding and shipping, the global LPG marine transport volume recorded 1.04 billion tons in 2020, and is expected to increase by more than 8% to 1.13 billion tons in 2022.

An official from Hyundai Mipo Shipbuilding said, “The market recovery trend is in full swing across all ship types,” and “We will lead the future eco-friendly shipbuilding market with continuous new technology development.”

Hyundai Mipo Shipbuilding has won orders for 23, 96% of the 24 medium-sized LPG ships ordered worldwide from 2019.

Reference: hmd.co.kr

Leave a Reply

Your email address will not be published.