Hyundai Heavy bullish over oil and gas orders.
Hyundai Heavy Industries is hoping to surpass its target for oil and gas equipment orders by 79% this year, according to Bloomberg.
The company had originally budgeted revenues of $4.2bn for the segment.
Net income for the year is expected to be at similar levels to 2009 at between Won300bn ($265m) to Won400bn, executive vice president Kang Chang June told the newswire.
Separately, the company will take a 10% stake in EBX Brasil"s shipyard in order to target contracts from Petrobras.
Last month, the company won a $1.2bn order for a floating production, storage and offloading vessel for Italian firm Eni.