HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai specializing in shipbuilding, announced on November 9, 2023, that it has recently signed a contract for the construction of two liquefied natural gas carriers (LNGC) with a shipping company in Africa.
Contract Details
This contract, valued at a total of 662.9 billion KRW (approximately 550 million USD), is expected to be fulfilled by HD Hyundai Heavy Industries. The delivery time for these vessels has been postponed to the second half of 2030.
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HD Korea's Order Status
Including these new orders, HD Korea Shipbuilding & Offshore Engineering has received orders for a total of 195 vessels valued at 21.6 billion USD. The company has achieved 93.1% of its annual target, which is set at 23.31 billion USD (provisionally).
Based on the type of vessel, HD Korea has received orders for 19 LNG vessels, 38 container ships, 62 LPG/ammonia carriers, 11 tankers, 59 product carriers, 2 PCTC vessels, 2 RoRo vessels, 1 icebreaker, and 1 FSRU. This diversity in orders reflects the company's varied capabilities in building different types of ships.
Given the increasing demand for liquefied natural gas carriers and the need for fleet renewal globally, this contract can be seen as a positive step towards the development of the shipping industry and attracting further investments in this field.
Ultimately, HD Korea Shipbuilding & Offshore Engineering, as one of the pioneers in the shipping industry in Asia, is striving to solidify its position in this industry by meeting market needs and providing quality services.
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