Korea Shipbuilding & Offshore Engineering Secures Orders Exceeding 1 Trillion Won... Total of 10 Vessels Including LNG Carriers Contracted (Comprehensive)

[Asia Economy Reporter Park So-yeon] Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, is making a last-minute 'order spree' regardless of ship type.

Korea Shipbuilding & Offshore Engineering announced on the 21st that it secured orders for three liquefied natural gas (LNG) carriers worth 604.3 billion KRW from shipping companies in Oceania and Panama.

All these vessels will be built at Hyundai Samho Heavy Industries.

Earlier, Korea Shipbuilding & Offshore Engineering announced that it had secured orders for a total of seven vessels, including container ships and liquefied petroleum gas (LPG) carriers, worth 582 billion KRW on the same day.

Including the contract for the three LNG carriers, a total of 10 vessels worth 1.1863 trillion KRW were ordered on the same day.

Korea Shipbuilding & Offshore Engineering signed construction contracts with European shipping companies for four large container ships of 13,200 TEU (one 20-foot container), two medium-sized LPG carriers of 40,000 m³, and one small petrochemical carrier (PC ship) of 17,000 tons.

The contract includes options for additional orders of container ships and LPG carriers of the same class, raising expectations for further orders in the future.

The container ships ordered this time measure 335m in length, 51m in width, and 27.3m in height, and will be built at Hyundai Samho Heavy Industries and delivered sequentially to the shipowners starting from the second half of 2022.

The vessels have doubled the refrigerated container capacity compared to existing ships and are equipped with energy-saving devices that can reduce carbon dioxide emissions by about 3%.

The medium-sized LPG carriers, measuring 180m in length, 28.7m in width, and 18.7m in height, will be built at Hyundai Mipo Dockyard and delivered starting from the second half of 2022. One small PC ship is scheduled for delivery in the first half of 2022.

With this contract, Hyundai Heavy Industries Group has secured a total of 110 vessels (8.9 billion USD) this year, achieving 81% of its annual order target of 11 billion USD.

A Korea Shipbuilding & Offshore Engineering official stated, "Inquiries are continuing across various ship types, so additional orders within the year are also expected."

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