On August 24, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai Group’s shipbuilding business, announced that it had signed a contract with an Oceania-based shipowner for the construction of four liquefied petroleum gas (LPG) carriers.
The order is valued at 515.4 billion won ($396.46 million), which works out to approximately $99 million per vessel. The new vessels will be built at HD Hyundai Heavy Industries’ Ulsan shipyard and are scheduled for delivery in the first half of 2030.
Including the latest orders, HD KSOE has secured a total of 162 new ship orders this year, valued at $18.08 billion, achieving approximately 77.6% of its annual order target of $23.31 billion.
By vessel type, the orders include 17 liquefied natural gas (LNG) carriers, 30 container ships, 50 LPG/ammonia/liquefied carbon dioxide carriers, 11 crude oil tankers, 50 product tankers, 2 car carriers, 1 icebreaker, and 1 LNG-FSRU.