South Korea’s HD Hyundai group has confirmed it has added an order for two tankers to its massive orderbook, according to TradeWinds.
The shipbuilder announced that a shipping company “based in Oceania” contracted the vessels, with industry sources naming Stealth Maritime as behind the order for the 157,000-dwt crude carriers. The cost of a single vessel is approximately $75 million.
The new vessels will be constructed by HD Hyundai Mipo and are scheduled for delivery in phases by the first half of 2029.
Including the latest orders, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a total of 102 new vessels worth approximately $13.74 billion this year, achieving 76.1% of its annual order target of $18.05 billion.
By vessel type, it includes 5 liquefied natural gas (LNG) carriers, 6 LNG bunkering vessels, 9 liquefied petroleum gas (LPG)/ammonia carriers, 2 ethane carriers, 61 container ships, 16 oil tankers and 3 chemical tankers.