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Hyundai Heavy Industries declines in H1

The Korean shipbuilding group Hyundai Heavy Industries has seen a poor start to the year compared with the first six months of 2013, Seatrade Global reports.

Photo: Pressefoto

Orders for Hyundai Heavy Industries have been coming less frequently in the first half of this year than in the same period last year. New shipbuilding orders have fallen 15%, while orders across the whole group fell by 23%, Seatrade Global reports.

The order intake in the Korean group had a total value of USD 11.2 billion in H1 2014, down from USD 14.6 billion in the first six months of 2013.

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