ID :
52559
Fri, 03/27/2009 - 14:52
Auther :
Shortlink :
https://www.oananews.org//node/52559
The shortlink copeid
Hyundai Heavy`s orders sink 85 pct
SEOUL, March 27 (Yonhap) -- Hyundai Heavy Industries Co., the world's largest
shipbuilder, said Friday that the value of the contracts it won in the first two
months of this year dived 85 percent from a year ago, hit by slumping demand for
new ships.
Hyundai Heavy won US$1.25 billion worth of orders for marine engines and
construction equipment from January to February, compared with $8.36 billion for
the same period a year earlier, the company said in a regulatory filing.
Demand for new ships is sinking as the global financial crisis makes it difficult
for clients to raise funds to place new orders. Hyundai has not received a single
new ship order since September of last year.
(END)
shipbuilder, said Friday that the value of the contracts it won in the first two
months of this year dived 85 percent from a year ago, hit by slumping demand for
new ships.
Hyundai Heavy won US$1.25 billion worth of orders for marine engines and
construction equipment from January to February, compared with $8.36 billion for
the same period a year earlier, the company said in a regulatory filing.
Demand for new ships is sinking as the global financial crisis makes it difficult
for clients to raise funds to place new orders. Hyundai has not received a single
new ship order since September of last year.
(END)
