HD KSOE clinches $2.67 billion deal for 12 container carriers

Industry

Published: 15 Jul. 2024, 15:11 Updated: 15 Jul. 2024, 18:09

HD KSOE clinches $2.67 billion deal for 12 container carriers

A very large container ship constructed by HD Hyundai Heavy Industries, delivered in 2023 to the ship owner, sails under a sea trial. [HD KSOE]

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), a shipbuilding affiliate under HD Hyundai, secured a supply deal worth 3.7 trillion won ($2.67 billion) to build 12 container carriers for a European shipping firm.

Under the contract, the Korean shipbuilder will supply 12 carriers with a capacity of 15,500 twenty-foot equivalent units (TEU), to be delivered by June 2028, the company said in a regulatory filing on Monday.

HD Hyundai Heavy Industries and HD Hyundai Samho will each construct six of the vessels.

HD Korea Shipbuilding has secured contracts to build 144 ships this year so far, with a combined value of $16.2 billion, surpassing its annual target of $13.5 billion.

The contracts include eight liquefied natural gas carriers, 60 petrochemical carriers, and 40 liquefied petroleum gas and ammonia carriers.

HD KSOE has three domestic units under its wing — HD Hyundai Heavy Industries, HD Hyundai Mipo and HD Hyundai Samho.

BY LEE JAE-LIM, YONHAP [lee.jaelim@joongang.co.kr]