Shipping & Shipbuilding

HD KSOE secures deal for building 15 product carriers worth $717 mn

The S.Korean shipbuilder achieved 8.8% of its annual order target of $13.5 bn

By Jan 09, 2024 (Gmt+09:00)

1 Min read

uphoon@hankyung.com

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The　product　carrier　built　by　HD　Korea　Shipbuilding　&　Offshore　Engineering

HD Korea Shipbuilding & Offshore Engineering, a key intermediate holding company of HD Hyundai Group, announced on Tuesday that it recently signed a contract for 15 petroleum product carriers with an Asian shipping company. The total contract amount is 942.5 billion won ($716.6 million).

The vessels to be constructed under this contract are scheduled to be delivered by Nov. 2026 from the Ulsan Hyundai Mipo Dockyard.

To date this year, HD Korea Shipbuilding & Offshore Engineering has secured a total of $1.19 billion in contracts, achieving a provisional 8.8% of its annual order target of $13.5 billion. The orders include four liquefied petroleum gas (LPG) and ammonia carriers, and 15 product carriers.

Write to Sang Hoon Sung at uphoon@hankyung.com