Hyundai Heavy Inks Deal to Build 5 More Ore Carriers

SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Heavy Industries Co., a major shipyard in South Korea, said Monday that it has clinched a deal worth 450 billion won (US$397 million) to build five very large ore carriers (VLOCs). Under the deal with Polaris Shipping Co., Hyundai Heavy will hand over the vessels in phases. The [...]