Arab Today, arab today hyundai mipo receives 250 mln orders from kuwait
Last Updated : GMT 10:43:16
Arab Today, arab today
Arab Today, arab today

Hyundai Mipo receives $250 mln orders from Kuwait

Arab Today, arab today

Arab Today, arab today Hyundai Mipo receives $250 mln orders from Kuwait

Seoul - AFP

Hyundai Mipo Dockyard said it had received an order worth $250 million to build four chemical tankers for Kuwait even as the world\'s shipbuilding industry suffers from a downturn. Under the contract signed Tuesday in Kuwait, Hyundai Mipo -- a subsidiary of Hyundai Heavy Industries -- will deliver the four tankers to the state-run Kuwait Oil Tanker Company by August 2014. Hyundai Mipo said it had now received orders for a total of eight vessels worth more than $400 million in total this year. It aims to secure orders worth $3.2 billion this year, up 80 percent from 2011.

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