KSOE secures $500 million deal for seven ships
Photo by: KSOE Website
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Korea Shipbuilding & Offshore Engineering Co. revealed on Thursday, April 1, that it had signed new contracts for deals amounting to $500 million or KRW566 billion. The company said there was an order to build seven ships for customers from Europe, Asia, and Africa.
With the new multi-million orders, it seems that the KSOE has been breaking the bank this year. This is because the largest shipbuilding company in the world that was formerly known as Hyundai Heavy Industries Co., continues to get big orders, and it never stops pouring.
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Korean names win 49% of global orders in container ships, KSOE becomes latest
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the shipbuilding holding company of Hyundai Heavy Industries Group, added 283.2 billion won ($247.7 million) in the order book for container ships where Korean names have snatched up nearly half of global orders in the vessel category so far this year amid rush of orders to meet increased maritime commerce activity.
KSOE, the parent of South Korea’s three shipbuilders including Hyundai Heavy Industries Co. (HHI), announced in a regulatory filing Monday that it bagged an order to build two container carriers worth 283.2 billion won from a shipper in Liberia. Its subsidiary HHI will construct the vessels and deliver them by May 30, 2023, the company said.
Global shipbuilding giant Hyundai Heavy Industries Co. (HHI) has completed forming the syndicate to underwrite its initial public offering at the Kospi market later this year. HHI named Mirae Asset Daewoo, Korea Investment & Securities and Credit Suisse as its lead underwriters, with KB Securities and Hana Financial Investment joining the syndicate, according to industry .