Korea Shipbuilding & Offshore Engineering Secures 86 Billion KRW Order for Two Medium-sized PC Vessels

[Asia Economy Reporter Hwang Yoon-joo] Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, has succeeded in securing orders for PC vessels (petrochemical product carriers).

Korea Shipbuilding & Offshore Engineering recently announced that it signed a construction contract for two 50,000-ton PC vessels with a European shipping company. The total order amount is approximately 86 billion KRW. The contract also includes an option for one additional vessel, making further orders possible.

The PC vessels ordered this time measure 183m in length, 32.2m in width, and 19.1m in height. Construction will begin this November at Hyundai Mipo Dockyard in Ulsan, with sequential delivery to the client scheduled for the second half of 2021.

Including this contract, Korea Shipbuilding & Offshore Engineering has secured a total of 20 PC vessels orders so far this year. In particular, Hyundai Mipo Dockyard has successfully built and delivered over 700 PC vessels to date, ranking first in the world in this field.

A representative from Korea Shipbuilding & Offshore Engineering said, “We were able to succeed in consecutive PC vessel orders based on Hyundai Mipo Dockyard’s extensive construction experience and advanced technology,” adding, “We will lead the market in this sector with eco-friendly and high-efficiency Eco PC vessels.”

This content was produced with the assistance of AI translation services.