Hyundai Heavy Bags Order for Offshore Facility, Sources Say | Be Korea-savvy

Hyundai Heavy Bags Order for Offshore Facility, Sources Say


According to the sources, Hyundai Heavy won the deal from Triumph Offshore Private, a unit of India's Swan Energy, to build the floating storage and regasification unit (FSRU) with a capacity of 180,000 cubic meters. (Image: Yonhap)

According to the sources, Hyundai Heavy won the deal from Triumph Offshore Private, a unit of India’s Swan Energy, to build the floating storage and regasification unit (FSRU) with a capacity of 180,000 cubic meters. (Image: Yonhap)

SEOUL, Aug. 30 (Korea Bizwire) – Hyundai Heavy Industries Co., a major shipyard in South Korea, has clinched a deal to build an offshore facility for an Indian firm, industry sources said Wednesday.

According to the sources, Hyundai Heavy won the deal from Triumph Offshore Private, a unit of India’s Swan Energy, to build the floating storage and regasification unit (FSRU) with a capacity of 180,000 cubic meters.

The deal marks the shipbuilder’s second deal of the year to build a FSRU. The value of the deal was not disclosed, but the sources estimated it at US$230 million.

Early this year, Hyundai Heavy secured a deal from a Turkish consortium also to build a FSRU.

(Yonhap)

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