Hyundai Heavy Industries has seen a 21.3% increase in the value of newbuilding orders secured last year compared to 2016.
It secured orders worth $4.7bn in 2017 against the $3.8bn achieved the year before taking its backlog to $11.8bn, according to a regulatory filing.
Last year the world’s largest shipbuilder secured a total of 48 newbuildings taking its current backlog to 96 ships.
