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Home›News›Shipyard prices deal in won for first time
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September 7, 2007 · about 19 years ago

Shipyard prices deal in won for first time

Samsung Heavy Industries, the world’s second-largest shipbuilder, said Thursday that it had signed the industry’s first contract for full payment in South Korean won, as the company seeks to limit gains in the currency fueled by record orders. The contract is for a 418.4 billion-won, or $446 million

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Samsung Heavy Industries, the world’s second-largest shipbuilder, said Thursday that it had signed the industry’s first contract for full payment in South Korean won, as the company seeks to limit gains in the currency fueled by record orders.

The contract is for a 418.4 billion-won, or $446 million, oil platform, to be delivered by November 2010, Samsung Heavy said.

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