Korea Shipbuilding & Offshore Engineering Secures Order for 10 Ships Worth 853 Billion KRW

[Asia Economy Reporter Hwang Yoon-joo] Korea Shipbuilding & Offshore Engineering, the shipbuilding holding company of Hyundai Heavy Industries Group, has secured orders for 10 vessels worth a total of 853 billion KRW.

Korea Shipbuilding & Offshore Engineering recently signed construction contracts with five overseas shipping companies for two 53,000-ton electric propulsion passenger ships (RO-PAX), two 86,000㎥ ultra-large liquefied petroleum gas (LPG) carriers, two 2,800 TEU container ships, one 2,100 TEU methanol-powered container ship, and three 1,800 TEU container ships, the company announced on the 1st.

The passenger ships ordered this time use a hybrid electric propulsion system that can operate on both electricity and diesel. They are equipped with batteries that allow electricity generated by the generators to be used for ship propulsion and other purposes.

Measuring 220m in length, 31m in width, and 37m in height, these vessels can simultaneously carry 40 train cars, about 180 vehicles, and about 40 trailers. They will be built at Hyundai Mipo Dockyard in Ulsan and delivered sequentially to the shipowners by 2026.

Additionally, the ultra-large LPG carriers equipped with dual-fuel propulsion engines will be constructed at Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and are scheduled to be delivered sequentially to the shipowners starting from the second quarter of 2023.

All six container ships of 1,800 TEU, 2,100 TEU, and 2,800 TEU classes will be built at Hyundai Mipo Dockyard and delivered by the first half of 2023.

Notably, the 2,100 TEU vessel will be the world's first container ship equipped with a methanol propulsion engine. Methanol is an eco-friendly ship fuel gaining attention for significantly reducing emissions of environmental pollutants such as sulfur oxides, nitrogen oxides, and greenhouse gases.

Meanwhile, Korea Shipbuilding & Offshore Engineering has secured a total of 158 vessels (including 2 offshore units) worth 13.8 billion USD so far, achieving about 92% of its annual order target of 14.9 billion USD.

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