HD Hyundai Marine Engine Signs KRW 43.2 Billion Ship Engine Supply Deal with Chinese Shipyard
On March 25, HD Hyundai Marine Engine announced that it had signed a ship engine supply contract with XIAMEN XMXYG SHIPBUILDING TRADING.
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The contract amount is approximately KRW 43.2 billion, which is equivalent to 13.7% of last year’s sales (KRW 315.6 billion). The contract period runs from today until August 15, 2028. Payment will be made under the terms of 20% advance payment, 5% interim payment, and 75% final payment.
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