HD Korea Shipbuilding wins $1.2 bln order for 6 ammonia carriers

By Kim Hee-su Posted : May 21, 2026, 17:12 Updated : May 21, 2026, 17:12
A rendering of a very large ammonia carrier (VLAC) by HD Korea Shipbuilding & Offshore Engineering. Courtesy of HD Korea Shipbuilding & Offshore Engineering
SEOUL, May 21 (AJP) - HD Korea Shipbuilding & Offshore Engineering said Thursday it has signed a contract with a European shipowner to build six very large ammonia carriers.

The deal is worth 1.08 trillion won ($1.2 billion), the intermediate shipbuilding holding company of HD Hyundai said in a regulatory filing.

The vessels will be built by HD Hyundai Samho and delivered by the second half of 2029.

With the latest order, HD Korea Shipbuilding has secured orders for 104 vessels worth $12.54 billion so far this year, achieving 53.8 percent of its annual target of $23.31 billion.

By vessel type, the company has won orders for 16 liquefied natural gas carriers, 26 container ships, 26 liquefied petroleum gas and ammonia carriers, seven crude oil carriers, 26 product carriers, two pure car and truck carriers and one other vessel.

The order comes as HD Hyundai is also expanding its presence in next-generation energy sectors beyond shipbuilding. 

The company and Hyundai Engineering & Construction said Thursday they were selected as preferred bidders to manufacture and supply key equipment for TerraPower’s fourth-generation Natrium reactor, a sodium-cooled fast reactor being developed by the U.S. SMR company founded by Bill Gates. 

HD Hyundai Heavy Industries signed a basic agreement with TerraPower on the reactor supply, while Hyundai E&C plans to discuss participation in engineering, procurement and construction work for follow-up commercial units.

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