HD Korea Shipbuilding & Offshore Engineering Sets Record High Price for LNG Carrier... 1 Vessel at 360 Billion KRW

Total of 4 Ships Ordered Worth 1.4356 Trillion KRW

HD Korea Shipbuilding & Offshore Engineering recently announced on the 26th that it has secured orders for four 174,000㎥ liquefied natural gas (LNG) carriers at a record price of 270 million dollars (approximately 360 billion won) per vessel. The previous highest price for LNG carriers of the same class was 265 million dollars (approximately 350 billion won).

The total contract amount for these LNG carriers, ordered from an Oceania-based shipping company, is 1.4356 trillion won. They will be built at Hyundai Samho Heavy Industries in Yeongam, Jeollanam-do, and delivered to the shipowner by January 2028. As this is a conditional contract, a separate announcement will be made if it is not finalized.

HD Korea Shipbuilding & Offshore Engineering is leading the LNG carrier market share this year by securing a total of six LNG vessels. Previously, it secured 21 vessels in 2020, 25 vessels in 2021, 45 vessels in 2022, and 39 vessels in 2023, respectively.

Sea trial of the 174,000㎥ class LNG carrier built by HD Hyundai Heavy Industries and delivered in 2022 [Photo by HD Hyundai Heavy Industries]

Including this recent order, HD Korea Shipbuilding & Offshore Engineering has secured a total of 46 vessels (including one offshore unit) worth 5.98 billion dollars so far, achieving 44.3% of its annual order target of 13.5 billion dollars.

By vessel type, it has secured orders for 6 LNG carriers, 15 PC vessels, 19 LPG and ammonia carriers, 1 ethane carrier, 2 liquefied carbon dioxide carriers, 2 tankers, and 1 offshore unit.

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