HD Korea Shipbuilding & Offshore Engineering (HD KSOE) Co. announced that it has secured a 458.8 billion-won (US$312 million) order from an Asian shipping company to build two ethane carriers, according to Yonhap on 4 March.
The two ethane carriers will be built at the Ulsan shipyard of HD Hyundai Heavy Industries Co. under a plan to deliver the ships by December 2028.
HD KSOE is a subholding company under HD Hyundai, formerly known as Hyundai Heavy Industries Holdings. HD KSOE has three affiliates — HD Hyundai Heavy Industries, HD Hyundai Mipo Dockyard Co. and HD Hyundai Samho Heavy Industries Co.
With the latest contract, HD KSOE has secured orders for a total of 21 vessels worth $3.58 billion so far this year, achieving 19.8 percent of its annual order target of $18.05 billion.
In addition to this order, HD KSOE has recently signed a contract with an African shipping company for the construction of four 18,000 cbm liquefied natural gas (LNG) bunkering vessels, for a total contract value of KRW 538.3 billion (about US$370 million), with a unit price of about US$92.5 million.
In 2024, HD KSOE received orders for a total of 181 vessels valued at $20.56 billion, achieving 152.2% of its annual order target of $13.5 billion.