HD Hyundai Heavy Industries has secured its second shipbuilding contract of the year.
HD Korea Shipbuilding & Offshore Engineering, the shipbuilding intermediate holding company of the HD Hyundai Group, announced on Monday that its subsidiary HD Hyundai Heavy Industries has received an order for two very large ammonia carriers (VLACs) from an Oceania-based shipper.
The total contract amount is 317.3 billion won ($240.7 million), and the two ships will be constructed by HD Hyundai Heavy Industries and delivered to the Oceania-based shipper by March 2027.
The latest contract marks the second shipbuilding deal for HD Hyundai Heavy Industries this year. The company signed on Jan. 5 a shipbuilding contract for two 88,000-cubic-meter liquefied petroleum gas (LPG) carriers with a Europe-based shipper. The contract is valued at 303.2 billion won ($230 million), and the two vessels are scheduled for sequential delivery to the shipowner by the first half of 2027.
Write to Jae-Fu Kim at hu@hankyung.com
South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) on Friday said it has secured its first order this year for two very large liquefied petroleum gas carriers (VLGCs) from the European shipping company worth 303.2 billion won ($230.5 million).The newly ordered large L
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Thursday that it has lowered its order target for this year by 38.6%, aiming for $15.83 billion compared to $25.78 billion in estimated orders last year. The reduced target reflects the declining appet
HD Hyundai Heavy Industries conducted sea trials of the ultra-large ethane carrier delivered in 2022 HD Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, announced on Friday that it has secured a contract to build three large ethane carriers. H
South Korea's HD Hyundai Heavy Industries Co. by late next year will develop mid-size engines for ammonia-powered ships using its own technology and know-how.This is part of its strategy to gain an early advantage in the market for these vessels, which have attracted the global limelight as ne
South Korea's HD Hyundai Heavy Industries Co. (HHI), the shipbuilding affiliate of HD Hyundai Co., on Sunday said it will unveil its next-generation vessels under development at the International Maritime Defense Industry Exhibition (MADEX) in Busan, an event that runs from Wednesday through