HD KSOE secures deal for building 15 product carriers worth $717 mn

HD Korea Shipbuilding & Offshore Engineering, a key intermediate holding company of HD Hyundai Group, announced on Tuesday that it recently signed a contract for 15 petroleum product carriers with an Asian shipping company. The total contract amount is 942.5 billion won ($716.6 million).

The vessels to be constructed under this contract are scheduled to be delivered by Nov. 2026 from the Ulsan Hyundai Mipo Dockyard.

To date this year, HD Korea Shipbuilding & Offshore Engineering has secured a total of $1.19 billion in contracts, achieving a provisional 8.8% of its annual order target of $13.5 billion. The orders include four liquefied petroleum gas (LPG) and ammonia carriers, and 15 product carriers.

Write to Sang Hoon Sung at uphoon@hankyung.com