HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. (HD KSOE) wins 662.9 billion won order for two LNG carriers, reaches 93.1% of annual target

[Financial News] HD KSOE, the intermediate holding company for HD Hyundai's shipbuilding business, has raised its order target achievement rate for the year to 93.1% after winning a contract worth 660 billion won to build LNG carriers.
HD KSOE said on the 9th that it had recently signed a contract with an Africa-based shipping company on the 6th to build two LNG carriers. The total order value is 662.9 billion won. HD HHI will build the vessels and deliver them by the second half of 2029. The contract value is equivalent to 3.77% of HD HHI's consolidated revenue last year.
HD KSOE has provisionally tallied orders this year, including this contract, for a total of 195 ships worth $21.69 billion. That is 93.1% of its annual order target of $23.31 billion, leaving $1.62 billion to reach the goal.
Cumulative orders by vessel type comprise 19 LNG carriers, 38 container ships, 62 liquefied petroleum gas (LPG), ammonia and liquefied carbon dioxide carriers, 11 crude oil tankers, and 59 petrochemical product carriers (PC vessels). The company also won orders for two car carriers (PCTCs) and two roll-on/roll-off (RORO) vessels, which carry vehicles and other cargo, as well as two other vessels, including icebreakers and floating storage and regasification units (FSRUs).
[email protected] Jung Won-il Reporter