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HD Korea Shipbuilding Secures $375 Million LPG Carrier Order
Industrial Services · Engineering & Construction · yonhap_finance · 2026-08-24
HD Korea Shipbuilding & Offshore Engineering has signed a contract to build four LPG carriers for an Oceania-based shipping company, reaching 77.6% of its annual goal.
What Happened
Contract Details: HD Korea Shipbuilding & Offshore Engineering announced a contract to construct four LPG carriers for an Oceania-based client, valued at 515.4 billion KRW. This deal represents approximately 2.93% of the company's recent annual revenue.
Construction Timeline: The vessels will be built by HD Hyundai Heavy Industries, with delivery scheduled to be completed by the first half of 2030. This project adds to the company's long-term backlog of high-value shipbuilding orders.
Annual Progress: With this latest order, the company has reached $18.08 billion in total orders for the year, achieving 77.6% of its $23.31 billion annual target. The company continues to maintain a strong momentum in global shipbuilding markets.
Diversified Portfolio: The company's order book includes a wide range of vessels, such as LNG carriers, container ships, and various gas carriers. This diverse mix reflects the company's competitive edge in meeting the evolving demands of the global shipping industry.