Korea Shipbuilding & Offshore Engineering Secures Orders for 3 Ships Worth 288 Billion KRW

[Asia Economy Reporter Park So-yeon] Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, is continuing its winning streak at the beginning of the year by securing orders for three vessels worth a total of 288 billion KRW.

Korea Shipbuilding & Offshore Engineering recently announced on the 11th that it signed construction contracts with shipping companies based in Liberia, Oceania, and Asia for one 174,000㎥ LNG carrier, one 40,000㎥ LPG carrier, and one 50,000-ton PC vessel.

Notably, the contract includes options for two additional LNG carriers of the same class and one LPG carrier, raising expectations for additional orders worth a total of 450 billion KRW.

The LNG carrier ordered this time measures 289.9m in length, 46.1m in width, and 26.3m in height. It will be built at Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and is scheduled to be delivered to the shipowner by the second half of 2023.

This LNG carrier is equipped with an LNG reliquefaction system that re-liquefies boil-off gas generated during operation, significantly enhancing economic efficiency.

The LPG carrier measures 180m in length, 28.7m in width, and 18.7m in height, and will be built at Hyundai Mipo Dockyard, scheduled for delivery to the shipowner in the first half of 2023. The PC vessel will be constructed at Hyundai Vietnam Shipbuilding and is expected to be delivered to the shipowner in the first half of 2022.

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