South Korea's 7th largest shipyard Hanjin Heavy Industries & Construction Co has announced that it received a KRW 261.2 billion (USD 281 million) order to build 5 container ships for Danaos Shipping Co of Greece by 2010.

Hanjin expects this year's shipbuilding and construction orders to reach KRW 4 trillion as against KRW 3.5 trillion last year. Shipbuilding orders account for about 30% of the company's total orders.