Hyundai Heavy sees orders to rise 54%; $24 B in shipbuilding

Hyundai Heavy Industries Co., the world’s largest shipyard, expects to boost orders 54 percent next year as growing global trade and increasing oil exploration spur demand for vessels and offshore equipment.
New contracts may total $26.6 billion, the highest since 2008, the Ulsan, South Korea-based company said in a regulatory filing. Sales, which reflect completed work, may rise 20 percent to a record 26.9 trillion won ($24 billion), it said.
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Source: Manila Bulletin