Hyundai orders fall 40%

Korean shipbuilding giant Hyundai Heavy Industries has recently announced in a regulatory filing that it has won new orders worth a total of USD13.12 billion during the first nine months of this year, on a stand-alone basis. The figure is down by 40.4% against the same period a year ago.

The Korean heavy industries company's shipbuilding division won USD5.02 billion worth of orders during the period, with the offshore division receiving USD1.6 billion and the industrial plant unit penned USD552 million, down by 49.9%, 51.9% and 43.9% year-on-year respectively.

Source: Asiasis

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