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HD Hyundai becomes the world’s first shipbuilder to deliver 5,000 vessels, 50 years after its first ship in 1974
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The 5,000th vessel is the Diego Silang, the Philippine Navy’s second offshore patrol vessel under a 10-ship contract with the Philippines
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HD Hyundai has delivered ships to over 70 shipping companies in 68 countries
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HD Korea Shipbuilding & Offshore Engineering (HD KSOE) booked US$14.24 billion in orders so far this year, or 78.9% of its annual target of US$18.05 billion
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HD KSOE manages three shipyards: HD Hyundai Heavy Industries, HD Hyundai Mipo Dockyard, and HD Hyundai Samho Heavy Industries
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HD Hyundai Mipo Dockyard will merge with HD Hyundai Heavy Industries next month
HD Hyundai has become the first shipbuilder in the world to deliver 5,000 vessels, marking a major industry milestone 50 years after the South Korean group completed its inaugural ship, the Atlantic Baron, in 1974.
The 5,000th vessel, the Diego Silang, was delivered last month as the second offshore patrol vessel built for the Philippine Navy under a 10-ship order, Korean news agencies reported as the company celebrated the milestone on Wednesday.
The company has supplied ships to more than 70 shipping companies in 68 countries. HD Hyundai delivered its first vessel, the 260,000-ton oil tanker Atlantic Baron, in 1974.
“The delivery of 5,000 ships reflects a history of challenges that transformed the global maritime industry. Building on this achievement, we will move toward the next 5,000 vessels and the next 50 years,” HD Hyundai chairman Chung Ki-sun said.
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), the group’s subholding unit, has secured US$14.24 billion worth of orders so far this year, equivalent to 78.9% of its annual target of US$18.05 billion. HD KSOE oversees three shipyards: HD Hyundai Heavy Industries, HD Hyundai Mipo Dockyard, and HD Hyundai Samho Heavy Industries.
The company added that HD Hyundai Mipo Dockyard is set to merge with HD Hyundai Heavy Industries next month as part of ongoing structural consolidation within the group.
