Awash with an unlimited backlog of ship orders, Hyundai Heavy Industries (HHI) has introduced it can reopen its huge Gunsan shipyard on the west coast of South Korea from January subsequent yr.
Some 750 staff will probably be employed and the yard will concentrate on block constructing.
South Korean president Moon Jae-in welcomed the shipyard’s reopening yesterday, as he had promised to hold out insurance policies to assist its normalisation, when he was operating for president in early 2017.
HHI started to construct its Gusan yard in Could 2008 on the peak of the final supercycle in transport to go alongside different yards within the HHI empire together with Hyundai Mipo and Hyundai Samho. By the point it was accomplished the next summer time, nevertheless, the markets have been in post-Lehman shock. The yard was finally shuttered in 2017.
The Gunsan yard is big; unfold over 1.8m sq m and options one of many world’s largest drydocks, some 700 m lengthy with a 1,600 ton crane.
