Revenue targets released by Hyundai Heavy Industries on Friday indicate that shipbuilders are unlikely to see any growth in order volumes this year.

South Korea’s largest shipbuilder said it was seeking to secure combined deals worth $15.9bn for the year, an amount identical for the target it set in 2019.

According to South Korea’s Yonhap News Agency, the $15.9bn is split over HHI’s three shipbuilding units.