Hyundai wins $768m Oman ship order
Seoul, February 12, 2008
Hyundai Heavy Industries Co has won a $767.6 million order to build five supertankers for Oman Shipping Company.
Hyundai said in a filing to the Korea Exchange it would deliver the ships by December 30, 2011. A senior official from the government-owned Oman Shipping Company confirmed the order.
"Yes we have placed these orders, and it is part of our plans to expand out fleet," said the official, who declined to give more details.
Daewoo Shipbuilding and Marine Engineering Co, the world's third-largest shipbuilder said via a filing on the Korea Exchange that it had confirmed an order worth $770 million to build five Very Large Crude Carriers (VLCCs) for Oman Shipping.
Oman Shipping is expected to take delivery of its first VLCC sometime in December this year. - Reuters
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