HD KSOE wins 222.6 bln-won order for oil tankers in Liberia

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Friday it has received a 222.6 billion-won (US$170 million) deal to build two oil tankers for a shipper in Liberia by mid-2026, according to Yonhap.

The two oil carriers will be built at the shipyard of Hyundai Samho Heavy Industries Co., HD KSOE said in a statement.

Last week, Hyundai Samho Heavy Industries also undertook a contract for the construction of two crude oil carriers from an Oceania shipowner, with a total order value of 231.8 billion won (about $171 million at the time), scheduled to be delivered to the owner in March 2026.

With the latest deal, HD KSOE has received ship orders worth $20.36 billion so far this year, exceeding this year’s order target of $12.94 billion, the company said.

HD Hyundai, formerly known as Hyundai Heavy Industries Holdings, has HD KSOE as a subholding company under its wing. HD KSOE has three affiliates — Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries.

Yangzijiang Shipbuilding

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