UPDATE 1-Hyundai Heavy, unit win $1.6 bln order from Maersk

Wed Jun 25, 2008 7:16am BST
 
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(Adds order won by Hyundai Heavy unit)

SEOUL, June 25 (Reuters) - Hyundai Heavy Industries Co Ltd (009540.KS), the world's top shipbuilder, said on Wednesday that it and a unit had won a combined $1.6 billion order to build 18 container ships for A.P. Moller-Maersk (MAERSKb.CO).

South Korea-based Hyundai Heavy and unit Hyundai Samho Heavy Industries Co Ltd have received orders for 13 and five ships, respectively, at $90 million per vessel, a Hyundai Heavy spokesman said by telephone.

Danish shipping and oil group Maersk, operator of the world's largest container shipping line, said on Tuesday it had signed a deal with Hyundai for delivery of 18 container vessels in 2011 and 2012. It did not disclose the value. [ID:nL24458153]

Hyundai Heavy and Hyundai Samho have won a total of $16.65 billion worth of orders so far this year, up 27 percent from the same period of 2007, the Hyundai Heavy spokesman said. (Reporting by Kim Yeon-hee and Rhee So-eui; Editing by Keiron Henderson)

 

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