HD Korea Shipbuilding & Offshore Engineering Wins Orders Worth 3.1209 Trillion KRW for Floating Offshore Facilities and More

The departure ceremony of the King's Quay (FPU) held at HD Hyundai Heavy Industries in June 2021. Photo by HD Korea Shipbuilding & Offshore Engineering

HD Hyundai's intermediate holding company for shipbuilding, HD Hyundai Korea Shipbuilding & Offshore Engineering, has secured orders worth a total of 3.1209 trillion KRW for one offshore facility and eight vessels.

HD Hyundai Korea Shipbuilding & Offshore Engineering recently announced on the 3rd that it signed construction contracts for one Floating Production Unit (FPU) with Australia's Woodside Energy, and for two large LNG (liquefied natural gas) carriers, four Pure Car and Truck Carriers (PCTCs), and two LPG carriers with three overseas shipping companies.

The FPU ordered this time measures 94m in length, 94m in width, and 57m in height, with a total weight of approximately 44,000 tons. It can produce 100,000 barrels of crude oil and 4.1 million m³ of natural gas per day. This facility will be manufactured at HD Hyundai Heavy Industries in Ulsan and is scheduled to depart in the first half of 2027 to be installed at the Trion field located 180 km off the east coast of Mexico.

HD Hyundai Korea Shipbuilding & Offshore Engineering will manufacture both the floating lower hull and the oil-producing topside facilities under a turnkey contract.

The two 174,000 m³-class LNG carriers ordered from a North American shipowner will be built at Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and will be delivered sequentially to the shipowner by 2027.

Additionally, the car carriers ordered this time measure 200m in length, 38m in width, and 37.7m in height, capable of transporting a total of 7,500 vehicles. They are equipped with LNG dual-fuel engines and will be constructed at Hyundai Mipo Dockyard in Ulsan, with sequential delivery to a Middle Eastern shipowner by 2027.

The two 40,000 m³-class LPG carriers ordered from a European shipowner will be built at Hyundai Mipo Dockyard in Ulsan and delivered sequentially to the shipowner by 2026.

A representative from HD Hyundai Korea Shipbuilding & Offshore Engineering stated, "Inquiries about eco-friendly vessels such as gas carriers continue to come in," adding, "We will continue a profitability-focused sales strategy based on our abundant construction experience and excellent technological capabilities."

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