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S.Korea’s Hanjin wins $2.2 bn shipbuilding orders

S.Korea’s Hanjin wins $2.2 bn shipbuilding orders
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First Published: Fri, May 25 2007. 09 22 AM IST
Updated: Fri, May 25 2007. 09 22 AM IST
By Reuters
Seoul: South Korea’s Hanjin Heavy Industries Co. has won shipbuilding orders worth a total of $2.2 billion in May from companies in Germany, France, Turkey and India, Hanjin said on 25 May.
Hanjin said in a statement that it signed a contract this week to build eight container ships for Germany’s NSC for $1.27 billion.
The shipbuilder also agreed to build two bulk ships for India’s Adani and another one for Turkey’s Eregli, for a total of $240 million. Earlier in May, it signed a $690 million contract with French shipping firm CMA CGM for 10 container ships, Hanjin said.
Those ships would be built in its shipyard in the Philippines. Hanjin shares rose 1.11 % to 54,500 won by 0103 GMT, against a 0.78% drop in the wider market.
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First Published: Fri, May 25 2007. 09 22 AM IST
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