Korea Shipbuilding & Offshore Engineering Secures Consecutive PC Ship Orders... 87 Billion Won Orders from Asian Shipping Companies

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

On the 20th, Korea Shipbuilding & Offshore Engineering announced that it signed a construction contract for two 50,000-ton PC vessels with an Asia-based shipping company. The total order amount is approximately 87 billion KRW, and the contract includes options for two additional vessels, allowing for further orders.

Earlier, on the 17th, Korea Shipbuilding & Offshore Engineering also signed a construction contract for two 50,000-ton PC vessels with a Europe-based shipping company.

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, and the vessels are scheduled to be delivered sequentially to the clients in the second half of 2021.

Korea Shipbuilding & Offshore Engineering is leading the market in the PC vessel sector, having secured 40 vessels last year and 22 vessels so far this year.

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