HD Korea Shipbuilding Wins US$511.3m Newbuilding Order

7

  • HD KSOE has signed a contract to build four container ships with an Asian-based shipping company.
  • The total number of orders is 674.6 billion won.
  • All four container ships ordered are medium and large between 8,000 and 9,000 TEU.

HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard has secured a 674.6 billion-won (US$511.3 million) order to build four container ships from an Asian shipper, according to Yonhap.

Newbuilding order

HD Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels scheduled to be delivered to an undisclosed shipping company in Asia by May 2027, the shipbuilder said in a filing.

So far this year, HD Korea Shipbuilding has obtained orders to construct 160 vessels worth $17.8 billion, exceeding its yearly target of $13.5 billion.

HD Korea Shipbuilding, a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has three domestic units under its wing — HD Hyundai Heavy Industries, HD Hyundai Mipo Co. and HD Hyundai Samho Heavy Industries Co.

Did you subscribe to our daily Newsletter?

It’s Free Click here to Subscribe!

Source: Yonhap News Agency