Hyundai Heavy beats out Daewoo Shipbuilding to win $493M contract for ice-capable NZ tanker

Mon, 18 Jul 2016

By Jonathan Underhill July 18 (BusinessDesk) - Hyundai Heavy Industries, the world's biggest shipbuilder, has beaten out its largest rival for the contract to build a $493 million ice-capable naval tanker for the New Zealand Defence Force which is part of an increased emphasis on the country's strategic interests in Antarctica and the Southern Ocean. Hyundai and Daewoo Shipbuilding & Marine Engineering, both listed on the Korean stock exchange, were shortlisted last year for the contract to replace the 30-year-old tanker HMNZS Endeavour,...

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