Hyundai Mipo Dockyard (HMD) held a business workshop on June 19. HMD executives

including Mr. Kang Hwan-goo, CEO of HMD; workers related to planning, customer service, and design departments; and Hyundai Marine Service Center, evaluated the business results

and made strategic adjustments to meet sales goals for this year.

Under the drop of international oil price, order for large-scale oil vessels such as VLCCs have increased, but orders for medium-scale product carriers has dropped due to dwindling shale gas production.

HMD agreed on the plan to secure price competitiveness from consecutive cost reduction, analyze and develop differentiated high-value, eco-friendly ships for entering a new market to win the order competition.