HD KSOE Takes Order for 3 Giant VLACs from Latin America

197

HD Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai Shipbuilding, recently announced that it has signed a contract for the construction of three very large ammonia carriers (VLACs) with a shipping company in Latin America, reports Business Korea.

About the order

The total order value is 491.1 billion won (US$367.4 million). The vessels will be built by HD HHI in Ulsan and delivered to the client by June 2028.

HD KSOE has signed a total of 32 vessels and US$3 billion in orders this year, marking 22 percent of its order intake target of US$13.5 billion. Of these, 11 are VLACs.

Ammonia is a next-generation eco-friendly fuel that does not emit carbon dioxide when burned. Demand for ships capable of carrying it is on the uptick.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Business Korea

1 COMMENT

Comments are closed.