Hyundai Heavy targets $15.9bn order in 2020

Hyundai Heavy submits regulatory application in the EU for DSME deal


South Korea’s Hyundai Heavy Industries Group is aiming to secure $15.9 billion worth of new order deals for 2020.

The $15.9 billion target, which is unchanged from last year’s goal, will come from the combined orders from the group’s three shipbuilding units including Hyundai Heavy Industries (HHI), Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard (HMD).

HHI itself is aiming to bag $8bn worth of deals this year, while HMD and Hyundai Samho Heavy Industries are aiming for $3.65 billion and $4.25 billion respectively.

Last year the group won orders worth $12 billion to build 135 vessels, achieving 76% of its annual target of $15.9 billion.

During the last week of 2019, HMD and Hyundai Samho Heavy Industries clinched deals worth $293 million in total to build six vessels, including four 1,800-TEU feeder boxships and two VLCCs.

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