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Hyundai Mipo Dockyard wins 134 bln won deal for two ships

2017/05/29 17:36

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SEOUL, May 29 (Yonhap) -- Hyundai Mipo Dockyard Co., a small-sized shipbuilder here, said Monday that it has clinched a 134 billion won (US$120 million) deal to build two ships.

Under the deal with a European customer, Hyundai Mipo will deliver the two Ro-Ro vessels by December, 2019, the South Korean company said in a regulatory filing.

A Ro-Ro ship is designed to carry containers or cargo such as automobiles, trailers or railroad cars.

Hyundai Mipo Dockyard, a unit of major shipbuilder Hyundai Heavy Industries Co., did not reveal the name of the buyer.