The company, which builds sections of boxships, tankers and bulkers, has won an order from domestic steel group Posco for a 105-metre plate/coil carrier.

The contract is worth KRW 24bn ($21.6m).

Its CEO Byun Ki-Chun said: “We, having majored in block production, will make use of block manufacturing experience and grow into a leading builder for small and medium sized ships with passion and determination of executives and staff.”

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