Korea's Hyundai Mipo Dockyard has clinched a deal to build three boxships worth KRW 120bn ($107m).

It said the 2,500-teu vessels have been ordered by an unnamed Asian company.

Deliveries will begin in the second half of 2020.

Mipo is part of the Hyundai Heavy Industries group, which has won more than $1bn of orders this year.