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Hyundai wins $1.19bn Europe FPSO order

Seoul, February 25, 2011

Hyundai Heavy Industries Company, the world's largest shipbuilder, said on Friday that it has won a 1.35 trillion won ($1.19 billion) order to build a Floating Production Storage and Offloading (FPSO) vessel, from an unidentified major European oil company.

Hyundai said in a regulatory filing that it would deliver the vessel by May 1, 2016.-Reuters




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