Korea Shipbuilding wins 240 bln won orders from Africa, Europe

SEOUL, Oct. 26 (Yonhap) — South Korean shipbuilding holding company Korea Shipbuilding & Offshore Engineering Co. said Monday that it has signed a combined 240 billion won (US$213 million) of orders from Africa and Europe.

Korea Shipbuilding has obtained deals to build two 300,000-ton Very Large Crude-oil Carriers (VLCC) and a 50,000-ton petrochemicals carrier from customers in the areas, the company said.

The company did not reveal the names of the companies that placed the orders.

Under the deal, Hyundai Heavy Industries Co. will build the VLCCs, and Hyundai Mipo Dockyard Co. will…

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