Korea Shipbuilding & Offshore Engineering(KSOE) secures newbuild orders worth close to KRW 330bn ($292m), says an article on BM Global.
Contract of VLEC
The holding company of Hyundai Heavy Industries (HHI) said on 1 April, HHI had won a contract for the construction of two very large ethane carriers (VLECs).
Under the KRW 247.1bn (close to $219m) deal, HHI will build the VLECs for an undisclosed Asian shipping company.
Delivery details
The newbuilds should be delivered by 31 January 2023, KSOE’s stock exchange filing said.
In a separate filing the day before, Hyundai Mipo Dockyard disclosed a new order for two petrochemical carriers.
The deal is worth KRW 82.6bn ($73m) and should see the pair delivered by mid-July 2022 to still unknown shipping players in Europe.
Future projects
South Korea’s largest shipbuilding group announced it was stepping up its carbon dioxide shipping game. With Hyundai eyeing a containment system for new CO2 carriers, backed by class society ABS, and KSOE working on onboard carbon capture and storage systems.
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Source: BM Global
