April 19, 2024
Industrials
Korean shipbuilders may bag Russian order
[THE INVESTOR] Russia’s state-owned shipping line Sovcomflot may place a shipbuilding order with Hyundai Heavy Industries and Samsung Heavy Industries, industry sources said on Dec. 5.
According to the report from global shipping industry tracker Tradewinds and industry sources, top management from Sovcomflot held a series of meetings with the two Korean shipyards last month, as the Russian firm is set to place an order for four oil tankers.
During the trip, the Russian delegation, led by chief executive Sergey Frank, is believed to have held in-depth talks with the two firms, the sources said.
“It is definitely (a Korean shipbuilder) to win the order. The remaining question is which firm, Samsung or Hyundai, will get it,” said an industry source.
The deal can fetch US$200 million, and the finalized deal may be announced before the end of the year or early next year, they said.
(theinvestor@heraldcorp.com)
According to the report from global shipping industry tracker Tradewinds and industry sources, top management from Sovcomflot held a series of meetings with the two Korean shipyards last month, as the Russian firm is set to place an order for four oil tankers.
During the trip, the Russian delegation, led by chief executive Sergey Frank, is believed to have held in-depth talks with the two firms, the sources said.
“It is definitely (a Korean shipbuilder) to win the order. The remaining question is which firm, Samsung or Hyundai, will get it,” said an industry source.
The deal can fetch US$200 million, and the finalized deal may be announced before the end of the year or early next year, they said.
(theinvestor@heraldcorp.com)
