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Hyundai Mipo Dockyard has received an order worth US$250mn to build four chemical tankers for Kuwait.

Under the contract, Hyundai Mipo, which is a subsidiary of Hyundai Heavy Industries, will deliver the four tankers to Kuwait Oil Tanker Company by August 2014.

Hyundai Mipo said it had now received orders for a total of eight vessels worth more than US$400mn in total this year.