Shipbuilding. Energy. Transport

On-line supplement
to the Maritime Market magazine

Shipbuilding. Energy. Transport Maritime Market magazine

Press Release

Hyundai Heavy 3Q Profit Soars

Hyundai Heavy Industries(HHI) recorded third quarter profit of 798.8 billion, up 50% over the same period last year. The higher than expected profit was driven by sales reflection of high priced ships ordered in 2007 and 2008 and other non-shipbuilding sectors profit increase due to the lucrative offhshore and plant projects.

HHI's sales rose 7% to 5333.7 billion than last year due to the non-shipbuilding sector's sales increase helped by large scale projects from offshore and industrial plant divisions and construction equipment sales in China.

Meanwhile HHI received $13.975 billion worth of new orders($4.03 billion from shipbuilding) by the end of September this year, and 87% increase from last year. This also makes up 78.8% of the total new order goal of $17.725 billion for this year.


Please see Hyundai Heavy Industries Co., Ltd. (HHI) company electronic office

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Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.

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