HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HDKSOE) wins orders for four VLGCs worth 625.8 billion won, achieving 82% of annual target

[Financial News] HDKSOE, HD Hyundai's intermediate holding company for its shipbuilding business, has won an order from a Middle East-based shipping company for four very large gas carriers (VLGCs).
HDKSOE disclosed on the 15th that it had signed a construction contract with a Middle East-based shipping company for four VLGCs. The total contract value is 625.8 billion won, equivalent to 3.56% of its consolidated revenue last year.
The vessels covered by the order will be built by HD Hyundai Heavy Industries and are scheduled for delivery in stages by the first half of 2030. The contract runs through June 30, 2030.
With this contract, HDKSOE has secured orders this year for a total of 174 vessels worth $19.25 billion. It has provisionally been tallied as having achieved 82.6% of its annual order target of $23.31 billion.
By vessel type, the orders comprise 17 liquefied natural gas (LNG) carriers, 30 container ships, 57 liquefied petroleum gas (LPG), ammonia and liquefied carbon dioxide carriers, 11 crude oil carriers, 53 petroleum product carriers (PCs), two car carriers (PCTCs), two roll-on/roll-off (RORO) vessels, and two other vessels (icebreakers and FSRUs).
[email protected] Jeong Won-il Reporter