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Hyundai Mipo Boosts Orderbook with Three More Ships

Hyundai Mipo Boosts Orderbook with Three More Ships
South Korean shipbuilder Hyundai Mipo Dockyard, part of the Hyundai Heavy Industries (HHI) Group, has secured contracts for the construction of three new ships.

The first contract will see Hyundai Mipo build one roll-on/roll-off passenger (RoPax) vessel for Hydex Storage, a Korean company that is entering the domestic coastal passenger ship business.

The deal, unveiled on December 4, is worth KRW 75.9 billion (about USD 63.7 million).

Scheduled to be delivered by the end of Q3 2021, the newbuild will have a gross tonnage of 27,000 tons and a length of 170 meters. The ferry will operate on the Incheon-Jeju route and will be able to accommodate up to 850 passengers, according to Hyundai Mipo.

What is more, the shipbuilder received an order for two liquefied petroleum gas (LPG) carriers from an unnamed Asian company.

Announced on December 6, the order is worth KRW 111.8 billion (around USD 94 million).

The newbuild pair is expected to be handed over to its owner by the end of September 2021, Hyundai Mipo said in a stock exchange filing.

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