- Two vessels to be built at HD Hyundai Samho by 2027.
- Orders in 2025 reach 84 ships worth $11.45b.
- Company achieves 63% of annual order target.
On September 4, HD Korea Shipbuilding & Offshore Engineering, which is the intermediate holding company for HD Hyundai’s shipbuilding division, announced that it has inked a deal with a shipping company based in Africa to construct two oil tankers, as reported by CHOSUNBIZ. The contract is worth 242.2 billion won, and the tankers will be built at HD Hyundai Samho, with delivery scheduled to happen sequentially by December 2027. The name of the African shipping company hasn’t been revealed, reports Port News.
Orderbook Performance in 2025
With this latest contract, HD Korea Shipbuilding & Offshore Engineering has now secured agreements for the construction of 84 vessels this year alone. The total value of these orders has reached $11.45 billion, which accounts for 63.4% of its annual goal of $18.05 billion.
Breakdown of Orders by Vessel Type
The company’s 2025 orderbook includes:
- 5 liquefied natural gas carriers
- 6 LNG bunkering vessels
- 8 liquefied petroleum gas and ammonia carriers
- 2 ethane carriers
- 50 container carriers
- 13 tankers
Company Profiles
HD Korea Shipbuilding & Offshore Engineering Co., Ltd. operates as an intermediate holding company in the shipbuilding sector of HD Hyundai, managing contracts and coordinating activities across various shipbuilding affiliates. HD Hyundai Samho Heavy Industries Co., Ltd. is a South Korea-based subsidiary of HD Hyundai, focusing on the construction of oil tankers, container ships, and other specialised carriers. Meanwhile, HD Hyundai Co., Ltd. is a publicly traded holding company in South Korea that oversees operations in shipbuilding, heavy industries, and energy, serving as the parent company of HD Korea Shipbuilding & Offshore Engineering.
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Source: Port News
