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Hyundai Heavy industries Co. (KSE:009540), the world’s biggest shipyard, has clinched a US$1.6 billion order for an offshore platform project in the United Arab Emirates (UAE), the largest single order in the industry. Hyundai Heavy and the UAE’s state-run oil and gas firm, Abu Dhabi Marine Operatin
Hyundai Heavy industries Co. (KSE:009540), the world’s biggest shipyard, has clinched a US$1.6 billion order for an offshore platform project in the United Arab Emirates (UAE), the largest single order in the industry.
Hyundai Heavy and the UAE’s state-run oil and gas firm, Abu Dhabi Marine Operating Co., signed a letter of award for the project on Sept. 24, and the formal contract will be sealed within six weeks, the company said in a filing.
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