Hyundai Heavy Industries to Hit 100 Million Gross Tons

24 January 2011 (Last Updated January 24th, 2011 18:30)

Hyundai Heavy Industries is set to be the first shipyard to hit 100 million gross tons in April with regard to combined newbuild output of commercial ships. The company completed its first shipbuilding contract for a 260,000t vessel in 1997 and has delivered 1,590 ships of 96.737 million

Hyundai Heavy Industries is set to be the first shipyard to hit 100 million gross tons in April with regard to combined newbuild output of commercial ships.

The company completed its first shipbuilding contract for a 260,000t vessel in 1997 and has delivered 1,590 ships of 96.737 million gross tons as of November 2010.

The company reached 100 million deadweight tons in 2006 and is expected to hit a record 150 million tons this year, according to asiasis.com.

Hyundai has delivered 471 boxships, 336 oil tankers, 319 bulkers, 111 product carriers, 97 LNG carriers, 43 multi-purpose cargo carriers, 39 mineral, bulk and oil carriers, 18 ro-ro ships, seven drillships, four FPSOs and 59 other vessels.