Firm Gets $716m Contract For 15 Petrochemical Carriers


South Korean shipbuilding giant, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured $716 million contract for fifteen petrochemical product carriers.

According to the shipbuilder company, the units will be constructed at Hyundai Mipo Dockyard (HMD) and are expected to be delivered by November 30, 2026.

The latest order brings HD KSOE’s orderbook to $1.19 billion, representing 8.8% of the company’s annual order target of $13.5 billion, Yonhap News Agency reported.

In related news, HD KSOE won earlier this week orders for the construction of two very large ammonia carriers (VLACs) and two liquefied petroleum gas (LPG) carriers.

Although HD KSOE exceeded its last year’s order target, compatriot shipbuilders faced challenges related to new orders deficit.


Samsung Heavy Industries (SHI) and Hanwha Ocean, two major players after HD KSOE on the domestic shipbuilding scene, reportedly did not meet their targets of $9.5 billion and $6.98 billion, respectively.World Maritime News