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Hyundai Merchant says to order 5 new container ships

SEOUL : Hyundai Merchant Marine said on Wednesday that it planned to order five new container ships worth a total of 695
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By Shoaib Ur Rehman
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hyundaiSEOUL: Hyundai Merchant Marine said on Wednesday that it planned to order five new container ships worth a total of 695 billion won ($638.7 million).

Hyundai said in a regulatory filing that the addition of the five 13,100 twenty-foot equivalent unit (TEU) vessels would help improve the competitiveness of its line-up.

Local media reported the order had been placed with Daewoo Shipbuilding & Marine Engineering .

 

Copyright Reuters, 2011

 

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