Hyundai Heavy Industries (HHI) Group, shipbuilding company, announced that it won 39 ships worth $2.3 billion for January – April period, which is the largest ship orders for the comparable period in three years. The company said that the contacts are result of its eco-friendly shipbuilding solutions and comprehensive restructuring efforts resulting in healthier fiscal soundness.
Specifically, HHI Group said that won 18 ships in April alone. Since the orders include options exercisable by owners to order additional same or similar class vessels, the total orders in April will amount to 31 ships.
As the company is now in the final negotiating stage for additional three ships and Hyundai Mipo Dockyard (HMD) for two more vessels, and an array of other shipbuilding inquiries, it expects more orders to come in May and afterwards.
An official from HHI said: “With our new orders improving this year, we are receiving shipbuilding inquires doubled over the last year’s comparable period.”