Hyundai Heavy wins $58 mln order to build LPG tanks in Nigeria

SEOUL, Feb. 22 (Yonhap) -- Hyundai Heavy Industries Co., the world's largest shipbuilder by sales, said Thursday it has received a US$58 million order to build 15 bullet tanks for storing liquefied petroleum gas (LPG) for a Nigerian firm. Hyundai Heavy said it is set to deliver the tanks to Nigeria's Dangote Oil Refining Company, Africa's largest refinery, beginning in April 2019. The 15 cylindrical tanks -- each being eight meters in diameter and 95 meters in length -- can hold 75,000 cubic meters of LPG, according to Hyundai Heavy. Shares in Hyundai Heavy fell 2.34 percent to 125,000 won (US$115), underperforming the broader KOSPI's 0.63 percent loss. entropy@yna.co.kr (END)