HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has secured a substantial order for 12 liquefied natural gas (LNG) dual-fuel container ships, valued at 3.716 trillion won ($2.6 billion). This significant order underscores the growing demand for environmentally friendly and efficient shipping solutions, reports the Korean Economic Daily.
Eco-friendly Vessels
This marks the company’s first order of 2025. The identity of the vessel owner has not been disclosed. The vessels will be constructed at HD Hyundai Heavy Industries Co. in Ulsan and are scheduled for delivery by December 2028.
These ships will be equipped with eco-friendly LNG dual-fuel propulsion engines, reflecting the growing demand for environmentally sustainable vessels. Driven by strengthened decarbonization regulations within the shipping industry, orders for eco-friendly vessels are expected to increase. HD KSOE aims to secure $180.05 billion worth of orders this year, representing a 33.7% increase compared to last year’s order intake of $13.5 billion.
Multi-fuel Options
Chung Ki-sun, Executive Vice President of HD Hyundai Co., participated in the Oil & Gas Governors and Supply Chain & Transport Governors meetings at the Davos Forum. These meetings brought together CEOs from leading companies such as AP Moller-Maersk, PSA International, Shell, and TotalEnergies.
During the forum, Chung discussed multi-fuel options for vessels and the company’s digital software solutions for shipyards. He showcased the “Future of the Shipyard” (FOS) project, developed in collaboration with Palantir Technologies, through a promotional video at Palantir’s booth on the Davos Promenade.
HD Hyundai has been actively pursuing the digital transformation of its shipbuilding business since 2021 through the implementation of the FOS project.
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Source: Korean Economic Daily
