First foreign order for DSV from Hanjin shipyard
Company says this is proof of company's reputation for high-tech shipbuilding

Hanjin Heavy Industries publicly announced on the 2nd, April that two Diving Support Vessels (DSV) have been ordered by GULMAR of the United Arab Emirates at the price of USD 220,000,000.

The DSV is a high-tech, high value-added vessel that is priced at over KRW 0.11 trillion per unit. It is the first time that a Korean shipbuilder has received an order for a DSV from a foreign shipping company.

The DSVs will be 6,200DWT, 115.4m in length, 22m in width, and 9m in depth. They are multipurpose operation support vessels for offshore underwater oil well operations that can hold 120 crews and can support underwater construction up to 600m in depth.

The vessels also include a decompression chamber for deep-sea divers, a 140t marine crane, and a helicopter landing deck. They are the latest and the largest units, included with comfortable accomodation facilities for divers.

These DSVs will be used by GULMAR for diver operation of underwater oil and gas pipes.

A representative of Hanjin was quoted as saying, "The fact that we have been selected to build Korea's first ice breaking oceanographic vessel by the Ministry of Maritime Affairs and Fisheries as well as these high-tech DSV for a foreign shipping company proves that our high-tech shipbuilding capabilities are recognized throughout the world. The representative added that "With these accomplishments, we will focus on building high-tech, high value-added vessels in order to lead Korea's shipbuilding industries."

Hanjin Heavy Industries is booked three years ahead for orders. Revenue for orders received in 2007 for container vessels and ice breakers have already reached KRW 800,000,000,000.