South Korean shipbuilder HD Hyundai Mipo confirms contract talks after report of $1.55 billion order - Finance news and analysis from Global Banking & Finance Review

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Finance

South Korean shipbuilder HD Hyundai Mipo confirms contract talks after report of $1.55 billion order

Published by Global Banking & Finance Review

Posted on April 8, 2025

1 min read

· Last updated: April 8, 2025

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HD Hyundai Mipo Negotiates $1.55 Billion Shipbuilding Deal

SEOUL (Reuters) - South Korean shipbuilder HD Hyundai Mipo Co is in contract talks on a new deal, it said on Tuesday in a regulatory filing in response to a local media report of a potential $1.55 billion order.

HD Hyundai Mipo and affiliate shipbuilder HD Hyundai Samho signed a letter of intent to build 20 container ships for a Greek shipowner for delivery in 2027-28, newspaper Seoul Shinmun reported on Tuesday, citing unnamed industry sources.

The company's filing gave no further detail on the potential deal.

(Reporting by Joyce Lee; Editing by David Goodman)

Key Takeaways

HD Hyundai Mipo is in talks for a $1.55 billion shipbuilding contract.
The deal involves building 20 container ships.
Delivery is expected between 2027 and 2028.
A Greek shipowner is the potential client.
HD Hyundai Samho is also involved in the deal.

Frequently Asked Questions

What is the main topic?

The article discusses HD Hyundai Mipo's contract talks for a $1.55 billion order to build container ships.

Who are the parties involved in the deal?

HD Hyundai Mipo, HD Hyundai Samho, and a Greek shipowner are involved in the deal.

When is the delivery expected?

The delivery of the container ships is expected between 2027 and 2028.

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