Two shipyards in South Korea have signed container ship newbuilding contracts worth more than $1.2bn.

In a regulatory disclosure, Samsung Heavy Industries and HJ Shipbuilding & Construction (HJSC) announced that they have secured an order for four ships each.

South Korean yards focus on high-value ships and offshore vessels
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SHI said it has struck a deal with an Asian shipowner for four 16,000-teu vessels worth KRW 1.098trn