Hyundai Secures $278m Bulker Order

20 June 2010 (Last Updated June 20th, 2010 18:30)

South Korean ship builder Hyundai Heavy Industries has secured a KRW337m ($278m) contract from a European ship owner for six bulkers. Each of the 50,000dwt vessels will cost $46m and will be built at Hyundai's Mipo Dockyard. The name of the European ship buyer has not been re

South Korean ship builder Hyundai Heavy Industries has secured a KRW337m ($278m) contract from a European ship owner for six bulkers.

Each of the 50,000dwt vessels will cost $46m and will be built at Hyundai’s Mipo Dockyard.

The name of the European ship buyer has not been revealed.

The contract is expected to be delivered by the end of August 2013.