Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
Hyundai Steel, which currently has one client in Japan, expects to supply at least a combined 10,000 metric tons of shipbuilding plates to three-four Japanese companies, it said in a statement, without supplying any names.
Hyundai Steel has supplied shipbuilding plates to South Korean companies including Hyundai Heavy Industries (009540.SE), Daewoo Shipbuilding & Marine Engineering (042660.SE) and STX Offshore & Shipbuilding (067250.SE) since April 2010, when it began mass production at its 1.5 million-ton-a-year shipbuilding plate plant in Dangjin.
The company said it plans to raise the plant’s annual output capacity to 3.5 million tons by September 2013 to meet rising demand at home and overseas.
-By Kyong-Ae Choi, Dow Jones Newswires
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