HD Korea Shipbuilding & Offshore Engineering Secures Orders for Eight Eco-Friendly Vessels Worth 2 Trillion Won

Successive Orders for LNG Container Ships and VLGCs
Dual-Fuel Engines to Meet IMO Environmental Regulations
Sequential Delivery by HD Hyundai Heavy Industries Through 2029

HD Korea Shipbuilding & Offshore Engineering announced on May 8 that it has signed contracts to build a total of eight vessels worth 2.1308 trillion won.

An LNG dual-fuel propulsion container ship built and delivered by HD Hyundai Heavy Industries. HD Hyundai Heavy Industries

According to HD Korea Shipbuilding & Offshore Engineering, the company has received an order from an Asian shipping company for six 15,900 TEU-class ultra-large liquefied natural gas (LNG) dual-fuel propulsion container ships, valued at 1.7787 trillion won. These vessels will be built by HD Hyundai Heavy Industries and delivered sequentially by September 2029.

The newly ordered container ships are equipped with LNG dual-fuel propulsion engines and are designed to meet the strengthened environmental regulations of the International Maritime Organization (IMO). HD Korea Shipbuilding & Offshore Engineering stated that, amid growing demand for eco-friendly vessels, the company has once again proven its competitiveness in the ultra-large container ship market.

HD Korea Shipbuilding & Offshore Engineering also secured an order from an Oceania shipping company for two 90,000-cubic-meter-class liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs), worth 352.1 billion won. These vessels will also be built by HD Hyundai Heavy Industries and delivered to the shipowner by March 2029.

The VLGCs are equipped with eco-friendly dual-fuel engines that can use LPG as their main fuel, enhancing fuel efficiency and enabling compliance with increasingly stringent environmental regulations. In the face of rising geopolitical risks and expanding demand for energy transport, the company has maintained its order competitiveness in the gas carrier market.

An official from HD Korea Shipbuilding & Offshore Engineering stated, "With stricter environmental regulations and the expanding demand for fleet replacement in the shipping industry, orders for high value-added eco-friendly vessels continue to grow," adding, "We will continue to strengthen profitability by pursuing a selective order strategy based on differentiated technological capabilities."

Including these latest orders, HD Korea Shipbuilding & Offshore Engineering has secured a total of 94 vessels worth $10.81 billion so far this year, achieving 46.4% of its annual order target of $23.31 billion.

By ship type, the company has received orders for 12 LNG carriers, 26 container ships, 20 LPG/ammonia carriers, 7 crude oil tankers, 26 product carriers (PCs), 2 pure car and truck carriers (PCTCs), and 1 vessel of other types (icebreaking vessel).

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