- South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has set a 2025 order target of $18.05 billion, a 33.7% increase from last year’s $13.5 billion.
- Despite a strong 2024 performance with $20.56 billion in secured orders, the target remains 12% higher than last year’s orders.
- The strategy is focused on eco-friendly vessels and profitability-driven selective ordering.
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), South Korea’s largest shipbuilder, has announced ambitious order targets for 2025 amid fluctuating global market conditions, reports KED Global.
Order Target Breakdown
Overall Goal: $18.05 billion, 33.7% higher than the $13.5 billion goal for 2024.
Affiliate Targets:
- HD Hyundai Heavy Industries Co.: $9.75 billion.
- HD Hyundai Samho: $4.57 billion.
- HD Hyundai Mipo Co.: $3.8 billion.
Market Strategy
Focus on eco-friendly vessels aligns with global trends for greener shipping solutions.
Profitability-driven selective ordering to maintain financial health and competitiveness.
Industry Outlook
The Export-Import Bank of Korea forecasts a global decline in new ship orders, expecting 42 million CGT in 2025, down 28.8% from 59 million CGT in 2024.
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Source: KED Global
