In an impressive start to 2024, HD Hyundai Group’s shipbuilding arm, HD KSOE, has secured orders for 36 vessels totalling approximately $4.49 billion. This accounts for a remarkable one-third of the annual target of $13.5 billion, showcasing a robust beginning for the conglomerate in the maritime sector.
Crude Tanker Contracts: Hyundai Samho to Deliver in 2026
HD KSOE recently inked a deal for two crude tankers valued at $172 million, to be constructed by Hyundai Samho Heavy Industries. The vessels are slated for delivery in July 2026
Offshore Platform Module: Billion-Dollar Deal for Hyundai Heavy Industries
A significant contract worth $1.147 billion involves the construction of an offshore platform upper module by HD Hyundai Heavy Industries Ulsan Shipyard. Delivery is anticipated in April 2028.
Diverse Vessel Portfolio: LNG, Product Tankers, LPG, and Offshore Units
The orders encompass a diverse range of vessel types, including LNG carriers, product tankers, LPG/ammonia carriers, tankers, Very Large Ethane Carriers (VLEC), and offshore units, reflecting the versatility and expertise of HD KSOE.
Strategic Targets: Shipyard-Specific Order Goals for 2024
Hyundai Samho Heavy Industries, HD Hyundai Heavy Industries, and Hyundai Mipo Shipbuilding have set ambitious order targets for 2024, aiming for a combined total of $11.5 billion. Notably, Hyundai Mipo Dockyard recently secured an order for 15 MR product tankers, contributing to the group’s overall shipbuilding success.
With a strong start to the year and a substantial portion of the annual order target already achieved, HD Hyundai Group positions itself as a major player in the global shipbuilding industry, showcasing diverse capabilities and strategic foresight.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: i MARINE
Your piece was enlightening. For further reading, this link provides a detailed exploration of the topic