Hyundai Heavy Industries stated that the company has undertaken shipbuilding orders worth more than US$5.7 billion in past February, a new world record for a shipbuilder in a single month.
HHI has received contracts worth US$7 billion on 35 new vessels while in the same period last year, the company only confirmed US$803 million contracts. Within these new-build contracts, one is from TOTAL, the France energy company, which asks for a FPSO that worth US$1.6 billion. Beside, there are also orders for nine 13,100-TEU container ships and five 31,800 DWT VLCCs. All these 15 ships are high value-added types. They are also to receive a new US$660 million contract on a drill ship soon from a Greece client. As the world largest shipbuilder, South Korea will invest US$52 billion more into the industry by 2010. So far, Hyundai Heavy Industries is setting up two new shipyards in southern Korean area for further expansion.
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