HD Korea Shipbuilding & Offshore Engineering Wins Order for Four LPG Carriers Worth 515.4 Billion Won

Construction Contract with Oceania Shipping Company
Sequential Delivery Scheduled by First Half of 2030
77.6% of Annual Order Target Achieved

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company for the shipbuilding sector of HD Hyundai, has won an order for four liquefied petroleum gas (LPG) carriers worth 515.4 billion won.

A sea trial of the LPG carrier constructed and delivered by Hyundai Heavy Industries in 2022. HD Hyundai

On August 24, HD Korea Shipbuilding & Offshore Engineering announced that it had signed a construction contract for four LPG carriers with a shipping company based in Oceania. The contract is valued at 515.4 billion won, accounting for 2.93% of its most recent annual revenue.

The vessels from this order will be built by HD Hyundai Heavy Industries and are scheduled for delivery sequentially by the first half of 2030.

Including this contract, HD Korea Shipbuilding & Offshore Engineering has secured orders for a total of 162 vessels this year, amounting to USD 18.08 billion. This represents 77.6% of its annual order target of USD 23.31 billion.

By vessel type, the company has won orders for 17 LNG carriers, 30 container vessels, 50 LPG, ammonia, and liquefied carbon dioxide (CO₂) carriers, 11 crude oil tankers, 50 petrochemical product carriers (PC ships), 2 pure car and truck carriers (PCTC), and 2 others.

This content was produced with the assistance of AI translation services.