South Korea's oldest shipyard, Hanjin Heavy Industries & Construction (HHIC), has clinched its first merchant shipping order since 2014.

The reborn yard group said it won a contract with a European shipowner for four 5,700-teu containerships worth a combined $260m.

It said the eco-ships will reduce emissions and save fuel compared with conventional vessels.

HHIC also said the deal illustrates its global competitiveness and normal management operations.