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Business & Finance

Hyundai Heavy wins $400mn LNG ship order from Singapore

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By Shoaib Ur Rehman
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hyundaiSEOUL: South Korea's Hyundai Heavy Industries Co Ltd said on Sunday it has won a $400 million deal to build two LNG carriers for BW Maritime Pte Ltd, part of Singapore's BW Group.

Under the contract signed on Friday, Hyundai Heavy Industries is scheduled to deliver one of the two vessels in the second half of 2014 and the other in the first half of 2015. The contract included an option for two additional vessels, the company said in a statement.

 

Copyright Reuters, 2011

 

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