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2011 August 23   14:16

Daewoo Shipbuilding wins $678 mln Hyundai Merchant order

South Korea's Daewoo Shipbuilding and Marine Engineering Co Ltd said on Tuesday that it has won a 734.5 billion won ($677.7 million) deal to build five container vessels for Hyundai Merchant Marine Co Ltd, Reuters reports. Daewoo said delivery was scheduled for September 2014.
Hyundai Merchant Marine said in a statement that the five 13,100 twenty-foot equivalent unit (TEU) vessels would sail Asia-Europe routes.
Earlier in August, the company said it would spend $639 million to add the five ships.

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