[Courtesy of Hyundai Heavy Industries]
Shares in Hyundai Heavy Industries Co bucked broad market falls Friday, rising nearly 3 percent on news that the company has struck a deal to build two oil tankers, this year’s first order won by the country’s major shipbuilders.
Mired in a protracted business slump, South Korea’s top three shipbuilders failed to clinch any new orders in January, marking the first time they have not received any orders for a month since September 2009.
Hyundai Heavy said Thursday it had won orders to build two158,000-ton oil tankers which will be delivered to Turkey-based Ditas Shipping in 2018. The deal is estimated at $120-140 million, the company said.
By Alex Lee
reporter
Park Sae-jin
swatchsjp@ajunews.com
