Hyundai Heavy’s two cylindrical tanks delivered to Abu Dhabi Gas Industries in May 2011. (image: Hyundai Heavy)
SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Heavy Industries Co., the world’s largest shipbuilder by sales, said Thursday it has received a US$58 million order to build 15 bullet tanks for storing liquefied petroleum gas (LPG) for a Nigerian firm.
Hyundai Heavy said it is set to deliver the tanks to Nigeria’s Dangote Oil Refining Company, Africa’s largest refinery, beginning in April 2019.
The 15 cylindrical tanks — each being eight meters in diameter and 95 meters in length — can hold 75,000 cubic meters of LPG, according to Hyundai Heavy.
Shares in Hyundai Heavy fell 2.34 percent to 125,000 won (US$115), underperforming the broader KOSPI’s 0.63 percent loss.
(Yonhap)
