HHI hopes for better

Hyundai Heavy Industries is hoping it can continue a rebound in newbuilding orders into 2014.
Hyundai Heavy: looking for higher prices.

Hyundai Heavy: Looking for more orders.

The world’s largest shipbuilder has set its sights on contracts worth $29.6bn this year, it announced today.

It follows a 39% rise in orders to $27.3bn in 2013, as Korea’s big three years hauled in deals worth $52bn – a six-year high.

According to Clarksons, HHI has 119 newbuildings in its catalogue, including VLCCs for Metrostar and DHT and VLGCs for BW LPG.

Shares in the shipbuilder were trading down 1.36% at KRW 253,500 ($238) each today.

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