Latin America Trade
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South Korea’s Hyundai Heavy wins $1.4 billion order from UASC
Under the deal, UASC will buy five cargo ships able to carry about 18,000 twenty-foot container units (TEU), and which will be among the largest container vessels in the world. The other five will be smaller ships with a capacity of about 14,000 TEU each.
The South Korean shipbuilder said in a statement that the vessels are scheduled to be delivered between late 2014 and the first half of 2015. (Reuters)
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