HD Korea Shipbuilding's Subsidiary Secures Order for Six Container Ships from HMM

MT Newswires Live10-20

HD Hyundai Samho, a subsidiary of HD Korea Shipbuilding & Offshore Engineering (KRX:009540), won an order for six container ships from HMM (KRX:011200), according to a Tuesday filing with the Korea Exchange.

The deal is valued at 1.439 trillion won. The South Korean shipbuilder said that the contract represents 17.84% of its 2025 sales and runs between Oct. 20, 2026, and Dec. 31, 2029.

Shares of HD Korea Shipbuilding & Offshore Engineering rose nearly 1% in recent trade, while those of HMM declined over 3%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment