HD Korea Shipbuilding & Offshore Engineering, HD Hyundai's intermediate shipbuilding holding company, said on the 4th it signed a contract with KSS LINE to build three very large gas carriers (VLGCs).
The total order value is 504.8 billion won, and the ships will be built at HD Hyundai Heavy Industries and delivered by the second half of 2029.
Including this contract, HD Korea Shipbuilding & Offshore Engineering has won orders for 86 ships worth $9.35 billion so far this year, achieving 40.1% of its annual target of $23.31 billion.
By ship type, the orders include 12 liquefied natural gas (LNG) carriers, 20 container ships, 18 liquefied petroleum gas (LPG) and ammonia carriers, seven crude oil carriers, 26 product carriers (PC), two car carriers (PCTC), and one other vessel.