Hyundai Heavy Industries has confirmed another major offshore newbuilding order in a deal worth KRW 660bn ($580m).
The South Korean shipyard — the world’s largest shipbuilder — has secured the contract to construct a semi-submersible floating production system for delivery in the second half of 2024.
The unit will be installed on Beacon Offshore's flagship Shenandoah project in the US Gulf of Mexico, about 300 km (162 nautical miles) off the coast of Louisiana.
