HD Korea Shipbuilding & Offshore Engineering Secures Orders Worth 2.79 Trillion KRW Over Three Days... 12 Gas Carriers

On the 28th, contracts signed with 3 overseas shipping companies for 6 LNG carriers and 2 LPG carriers
On the 26th, contracts signed with Asian shipping companies for 4 LPG carriers

HD Hyundai, the intermediate holding company for shipbuilding, has successfully secured orders for 12 gas carriers worth a total of 2.79 trillion KRW over three days.

HD Korea Shipbuilding & Offshore Engineering announced on the 2nd that it signed construction contracts for a total of 8 vessels worth 2.423 trillion KRW, including two 200,000㎥ LNG carriers, four 174,000㎥ LNG carriers, and two 88,000㎥ LPG carriers.

Sea trial of a 200,000㎥ class LNG carrier built by HD Hyundai Heavy Industries and delivered in 2022. Photo by HD Hyundai Heavy Industries

Six of these vessels, including the 200,000㎥ LNG carriers ordered from an Oceania shipping company and the 174,000㎥ LNG carriers ordered from a European shipping company, will be built at HD Hyundai Heavy Industries in Ulsan and will be delivered sequentially to the shipowners starting in 2027.

Notably, all 174,000 cubic meter LNG carriers will be equipped with HD Korea Shipbuilding & Offshore Engineering’s self-developed 'Hi-ERSN (LNG Re-liquefaction System)' and Hi-ALS (Next-generation Air Lubrication System).

Hi-ERSN is a system that fully re-liquefies boil-off gas generated in LNG cargo tanks. It uses nitrogen, which is common in the air, as the refrigerant, making it environmentally friendly and improving energy efficiency by more than 20% compared to existing systems. Hi-ALS supplies air to the hull surface to reduce frictional resistance, thereby reducing both fuel consumption and carbon emissions.

The 88,000㎥ LPG carriers ordered from an Asian shipping company will be built at Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and delivered to the shipowner in the second half of 2026. These vessels will have the maximum size capable of passing through the Old Panama Canal and will be equipped with LPG dual-fuel propulsion engines. They will also be constructed to carry ammonia, which is gaining attention as an eco-friendly energy source.

Meanwhile, on the 26th, HD Korea Shipbuilding & Offshore Engineering secured orders for four 45,000㎥ LPG carriers worth a total of 367.4 billion KRW from an Asian shipping company. These vessels will be built at Hyundai Mipo Dockyard in Ulsan and delivered sequentially by the first half of 2026.

A representative from HD Korea Shipbuilding & Offshore Engineering said, "As a result of our efforts to provide customers with trust and satisfaction through advanced technology and quality, we were able to achieve large-scale orders for highly profitable gas carriers. As a leading global shipbuilding company, we will continue to focus on securing high value-added vessels based on differentiated technology."

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