HD Korea Shipbuilding & Offshore Engineering Wins $430 Million Order for Four Ultra-Large Ammonia Carriers

Perspective view of HD Hyundai Heavy Industries' ultra-large ammonia carrier. Photo by HD Hyundai Heavy Industries

HD Hyundai has succeeded in securing additional orders for ultra-large ammonia carriers.

HD Hyundai's shipbuilding intermediate holding company, HD Korea Shipbuilding & Offshore, announced on the 1st that it recently signed a construction contract worth $432.4 million (approximately 562.4 billion KRW) for four ultra-large ammonia carriers with a European shipping company.

The newly ordered vessels will be built at Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and are scheduled to be delivered sequentially to the shipowner by the second half of 2027.

With this, HD Korea Shipbuilding & Offshore has secured orders for 23 out of the total 38 ultra-large LPG (liquefied petroleum gas) and ammonia carriers ordered worldwide this year, accounting for about 61% of the total.

Ammonia is attracting attention as a next-generation eco-friendly fuel that emits no carbon dioxide during combustion, and demand for vessels capable of transporting it is gradually increasing.

HD Korea Shipbuilding & Offshore was the first in the industry to successfully develop an ammonia fuel supply system in 2021, and at 'Gastech 2023' in September this year, it obtained basic certification (AIP) for ammonia dual-fuel propulsion systems and ammonia bunkering vessels, leading the market through advanced technology development.

A representative of HD Korea Shipbuilding & Offshore said, "Based on our extensive experience in gas carrier construction and advanced technology, we continue to succeed in securing orders for ammonia carriers," adding, "We will enhance customer satisfaction by successfully delivering high-quality vessels."

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