HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said it has received a 310 billion-won (US$235 million) order to build two liquefied petroleum gas(LPG) carriers for a shippowner in the Middle East.
The two LPG ships will be built at HHI’s shipyard in Ulsanand and delivered in November 2027, HD KSOE said in a regulatory filing.
The company didn’t identify the name of the shippowner.
HD Hyundai, formerly known as Hyundai Heavy Industries Holdings, has HD KSOE as a subholding company under its wing.
HD KSOE has three affiliates — HD Hyundai Heavy Industries, Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries Co.
With this latest order, the country’s leading shipbuilder has achieved 17.7%, or $2.38 billion, of its annual order target of $13.5 billion for the year, the statement said.
The company said it had set a “conservative” order target this year compared with its achievement last year because it has already secured ample ship orders for years to come.
In 2023, it obtained a total of $22.6 billion worth of ship orders, far exceeding its annual target of $15.7 billion.