Hyundai Heavy bags another FSRU deal

SEOUL, Feb. 10 (Yonhap) -- Hyundai Heavy Industries Co., a major shipyard in South Korea, has secured a deal from a Turkish consortium to build a floating storage regasification unit (FSRU), industry sources said Friday. The deal follows last month's similar deal from a Norwegian firm to build one FSRU. Under the current contract, Hyundai Heavy has an option to build one more FSRU, whose price is currently estimated at US$230 million, the sources said. Recently, local shipbuilders have secured orders to build four FSRUs in total. Last month, Samsung Heavy Industries Co. won a $230 million deal to build an FSRU, and Daewoo Shipbuilding & Marine Engineering Co. has signed a letter of intent with a U.S. firm to build up to seven FSRUs. Daewoo Shipbuilding did not reveal the terms of the contract, but industry sources said the deal may fetch up to $1.6 billion. "Local shipyards are positioned to receive more FSRU orders as their competitiveness is the best in the world," a source said. sam@yna.co.kr (END)