Contract Signed with Shipping Line in the Americas
HD Hyundai’s intermediate holding company for shipbuilding, HD Korea Shipbuilding & Offshore Engineering, has secured the first large-scale order of the new year for the Korean shipbuilding industry.
HD Korea Shipbuilding & Offshore Engineering announced on the 6th that it has signed a construction contract with a shipping company in the Americas for four liquefied natural gas (LNG) carriers. The total order value is KRW 1,499.3 billion, equivalent to 10.35% of the company’s 2024 sales.
The ordered vessels will each be 294.8m in length, 48.9m in width, and 26.7m in height, with a total capacity of 200,000㎥. This is larger than the typical LNG carrier size of 174,000㎥. The company added that the ships will be equipped with the latest options, including high-efficiency shaft generators and LNG re-liquefaction systems, which can enhance operational efficiency.
HD Korea Shipbuilding & Offshore Engineering plans to build the vessels sequentially and deliver them to the shipowner by the first half of 2029. A company official stated, “As the eco-friendly vessel market expands, the company will continue to develop related technologies and work to increase orders.”
Lee Won-joo
AI-translated with ChatGPT. Provided as is; original Korean text prevails.
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