[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Samho Heavy Industries achieved 132% of this year's order target in 45 days. After winning orders for $2.56 billion, or 98.5 percent of this year's target of $2.6 billion (about 3.3 trillion won) by the end of last month, HMM also won seven methanol-driven container ships worth 1.11 trillion won.
HD Hyundai's intermediate holding company, Korea Shipbuilding & Marine Engineering, announced on the 14th that it has signed a construction contract with HMM for seven 9,000TEU-class methanol-promoting container ships at the Westin Chosun Hotel in Jung-gu, Seoul. On this day, HMM ordered a total of nine methanol-powered container ships of the same size. Two of them (316.7 billion won) were handled by HJ Heavy Industries.
With this contract, Korea Shipbuilding & Marine Engineering won 54 out of 104 methanol propulsion ships ordered from around the world, accounting for 52% of the market. Korea Shipbuilding & Marine Engineering has won a total of 31 ships and $4.64 billion (about 5.8 trillion won) so far, filling 29 percent of its annual target of $15.74 billion (about 20 trillion won) thanks to Hyundai Samho Heavy Industries' early-year order.
Korea Shipbuilding & Marine Engineering is leading the alternative fuel market by building a 50,000-ton methanol-powered PC ship ordered in 2013 and winning the world's first methanol-powered super-large container ship.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
