HD Korea Shipbuilding & Offshore Engineering Secures First Order of the Year with 3.7 Trillion Won Contract for 12 Container Ships

Order for Ultra-Large LNG Dual-Fuel Container Carriers
Fills About 15% of This Year's Order Target

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai's shipbuilding division, has secured its first order of the year with a construction contract worth 3.7 trillion won. This amount represents approximately 15% of its annual order target.

On January 23, HD Korea Shipbuilding & Offshore Engineering announced that it had recently signed a contract with a European shipping company to build 12 ultra-large container carriers. The total contract value is approximately 3.716 trillion won.

Test sailing scene of the ultra-large LNG dual-fuel container carrier built and delivered by HD Hyundai Heavy Industries last year (Photo provided by HD Hyundai Heavy Industries)

The vessels ordered are eco-friendly ships equipped with LNG dual-fuel propulsion engines and will be built at Ulsan HD Hyundai Heavy Industries, with delivery scheduled by December 2028.

Meanwhile, HD Korea Shipbuilding & Offshore Engineering has set its shipbuilding and offshore division's order target for this year at $18.05 billion, a 34% increase from last year's target of $13.5 billion. The scale of this latest order amounts to about 15% of the annual target.