'Order Rally' Korea Shipbuilding & Offshore Engineering... Secures 5 Ships Worth 290 Billion Won

"Inquiries Continue for Various Ship Types Including Gas Carriers and Container Ships"

[Asia Economy Reporter Oh Hyung-gil] Hyundai Heavy Industries Group's Korea Shipbuilding & Offshore Engineering has succeeded in securing orders for five ships worth 290 billion KRW.

Korea Shipbuilding & Offshore Engineering announced on the 11th that it had signed construction contracts with shipping companies in Asia and Oceania for one 22,000㎥ LPG carrier and four 2,800 TEU container ships.

The LPG carrier ordered this time measures 159.9m in length, 25.6m in width, and 16.4m in height, and will be built at Hyundai Mipo Dockyard in Ulsan and delivered to the shipowner in the first half of 2024.

The container ships measure 186m in length, 35m in width, and 17.4m in height, and will be built at Hyundai Mipo Dockyard and delivered starting in the second half of 2023. It was explained that these vessels apply an LNG dual-fuel propulsion ready design, enabling compliance with the strengthened environmental regulations of the International Maritime Organization.

Korea Shipbuilding & Offshore Engineering has continued its order rally this year. On the 3rd, it signed construction contracts with shipping companies in Europe and Central and South America for three large 200,000㎥ liquefied natural gas (LNG) carriers and six large 8,000 TEU container ships. The total contract value amounts to 1.56 trillion KRW.

On the 28th of last month, it also announced orders for a total of nine ships. It signed contracts with an Asian shipping company for three 7,900 TEU medium-sized container ships and with a Central American shipping company for six feeder container ships.

According to Clarkson Research, a ship and shipping market analysis firm, the global LPG ship order volume is expected to be 54 vessels this year and 57 vessels next year. In particular, orders are expected to continue focusing on small and medium-sized LPG carriers under 40,000㎥.

A Korea Shipbuilding & Offshore Engineering official said, "Inquiries continue across various ship types such as gas carriers and container ships," adding, "We will enhance customer satisfaction by building high-quality ships based on abundant construction experience and advanced technology."

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