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Shipbuilding :Korea Shipbuilding wins US$198.6 million order for 3 oil tankers

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has signed a 220.5 billion won (US$198.6 million) order for three oil tankers.
The order from a European company calls for Hyundai Samho Heavy Industries Co., a unit of KSOE, to deliver the vessels by February 2024, KSOE said in a regulatory filing.

The order has an option to cancel an order for one oil tanker within a given period, the company said.
The world’s leading player Korea Shipbuilding & Offshore Engineering — which has Hyundai Heavy Industries and two more shipbuilding arms under its wing — secured orders for 68 ships in the first quarter. The total order amounted to $5.5 billion, which means KSOE has achieved 37 percent of its annual target of $14.9 billion.

Samsung Heavy Industries also clinched $5.1 billion in new orders during the same period, while Daewoo Shipbuilding & Marine Engineering bagged $1.79 billion.

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