• Most Popular
  • Most Shared

Hyundai Heavy wins $1.2 bln ship order from Maersk

Tue Jun 24, 2008 9:50pm EDT

Stocks

   

SEOUL, June 25 (Reuters) - Hyundai Heavy Industries Co Ltd (009540.KS), the world's top shipbuilder, said on Wednesday that it had won an 1.2 trillion won ($1.2 billion) order to build 13 container ships for A.P. Moller-Maersk (MAERSKb.CO).

Hyundai said in a filing to the Korea Exchange that the vessels would be delivered by October, 2011.

A Hyundai spokesman said by telephone that the order was part of a deal it signed with the Danish shipping and oil group for the delivery of 18 container vessels in 2011 and 2012. [ID:nL24458153]

($1=1028.7 Won)

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)



More from Reuters

Photo

RIM profit, outlook top forecasts; shares surge

OTTAWA (Reuters) - Research In Motion posted a big jump in profit and issued an even stronger outlook on Thursday, as sturdy demand from holiday shoppers helped the BlackBerry maker fend off the competition.

» More Top News
President Barack Obama delivers remarks at Lehigh Carbon Community College in Allentown, Pennsylvania, December 4, 2009. REUTERS/Jim Young
Analysis:

Would you give him a B+ too?

"I told Michelle when we got here that in six months my poll numbers will start crashing," says President Obama. He's not worried -- yet.  Full Article 

Barack Obama
A U.S. Army soldier from Task Force Denali Platoon 1-40 CAV fire a 60mm mortar towards the mountain while Afghan army soldiers cover their ears during a patrol at Nadir-Chawcod district in Khowst province December 16, 2009. REUTERS/Zohra Bensemra
Bernd Debusmann:

Burning borrowed money

The Pentagon burns through $5 million in borrowed money every hour in Afghanistan and the amount is expected to more than double once additional troops are deployed.   Commentary 

Afghanistan