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Korean yard giant wants orders for USD 23 billion this year

The major Korean shipbuilding group Hyundai Heavy Industries has a clear goal set for the coming year - to fill the orderbook with orders for USD 22.95 billion, says the CEO of the debt-ridden company, Kwon Oh-gap.

Hyundai Heavy Industries har blandt andet bygget Maersk Lines Triple-E skibe | Photo: Maersk Line

2014 was a tough year for the Korean yard group and the world's biggest shipbuilder, Hyundai Heavy Industries (HHI). The company expects a poor result for the year, which brought a deficit of USD 593.56 million in the 2nd quarter. The operating deficit came to USD 1 billion, the biggest loss in the history of the shipyard.

As such, the shipyard's expectations for this year are somewhat lower, as the company announced on Monday that its order intake goal for 2015 is USD 22.95 billion, while the goal for sales is USD 21.9 billion. The company's order intake in 2014 was USD 29.6 billion.

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