S.Korea's Hyundai Heavy wins $1.4bn order from UASC
August 30, 2013 - 8:19:20 am
SEOUL: Hyundai Heavy Industries Co Ltd said it won a 1.55 trillion won or $1.4 billion order to build 10 container ships for the United Arab Shipping Company (UASC).
Under the deal, UASC will buy five cargo ships able to carry about 18,000 twenty-foot container units (TEU), and which will be among the largest container vessels in the world.
The other five will be smaller ships with a capacity of about 14,000 TEU each.
The South Korean shipbuilder said in a statement that the vessels are scheduled to be delivered between late 2014 and the first half of 2015. (Reuters)