Hyundai Heavy Shipbuilding Orders Rebound to $4 Billion

Hyundai Heavy Industries took US$4.3 billion in shipbuilding orders in the first four months of this year, up 20-fold from the same period last year. In April alone it won $1.3 billion worth of orders to build 23 vessels including LPG ships, bulk carriers, pure car-truck carriers and three very large crude carriers, the company said.
The shipbuilder pointed out that although it is premature to conclude that the shipbuilding industry has recovered fully from the economic slump, it is a significant improvement compared to the situation last year when the company won no orders for commercial vessels.