KSOE wins 110.5 bln-won order for 2 feeder container ships Industry
Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has clinched a 110.5 billion-won (US$87 million) order to build two feeder container carriers.
Under the deal with an undisclosed African shipper, Hyundai Mipo Dockyard Co., a subsidiary of the South Korean shipyard, will construct the vessels and deliver them during the second half of 2024.
A feeder refers to a branch transport line that picks up and delivers containers between smaller ports and hub ports.
KSOE has bagged orders to build 97 ships worth $11.28 billion so far this year, or 64.7 percent of its $17.44 billion yearly target.
KSOE is a subholding company of global shipbuilding titan Hyundai Heavy Industries Holdings. KSOE has three shipbuilding affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries Co.