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Press Release

Hyundai Heavy Wins USD 1.45 Billion Shipbuilding Order

Dec. 16, 2010 - Hyundai Heavy, the world's largest shipbuilder, won a USD 1.45 billion deal to build ten 13,100TEU containerships from Hapag-Lloyd, Germany's largest container shipping line.

The new orders consist of four 13,100TEU containerships and six ship type change orders from 8,600TEU to 13,100TEU. The six 8,600 containerships were originally ordered in 2008.

These 10 containerships are scheduled to be delivered from July 2012 to Novemver 2013.

The increased sea-born shipping volumes as the global economy shows signs of recovery and reduced overcapacity thanks to shipping lines' eco-friendly slow steaming played a role in the faster-than-expected global containership market recovery.

So far this year, Hyundai Heavy Industries(including Hyundai Samho Heavy Industires) has won orders for 80 ships valued at USD 10.6 billion and its order backlog stands at 324 ships worth USD 52.7 billion.


Photo: 13,100TEU containership Maersk Edinburg, the same class at the containerships to be built for Hapag-Lloyd. Hyundai Heavy delivered this vessel in July 2010.


2010-12-17

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

Contacts for Media
Tel.: +82-52-202-2342
Fax.: +82-52-202-2347
e-mail: hhiopr@hhi.co.kr

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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