The stock closed up 6.2 percent at 545,000 won, after climbing as high as 550,000 won during intraday trading. Buying interest intensified following news that HD Korea Shipbuilding & Offshore Engineering (HD KSOE) had landed a 1.5 trillion won ($1.02 billion) contract to build four ultra-large liquefied natural gas (LNG) carriers.
HD KSOE disclosed that it signed the deal with a shipowner in the Americas to construct four 200,000-cubic-meter LNG carriers, which will be built at HD Hyundai Heavy Industries’ Ulsan shipyard and delivered sequentially through the first half of 2029.
The order highlights HD KSOE’s competitiveness in the high-value LNG carrier segment, where demand is expected to remain robust as global energy companies expand liquefaction capacity and modernize aging fleets.
According to a report from Clarksons, global LNG trade volumes are projected to grow steadily over the next decade, providing long-term structural support for demand for advanced LNG carriers such as those built by HD Hyundai Heavy Industries.
The newly ordered vessels will be equipped with high-efficiency shaft generators and LNG reliquefaction systems, technologies designed to reduce fuel consumption and lower emissions—features increasingly favored by shipowners amid tightening environmental regulations.
Investor sentiment toward the broader shipbuilding sector has also improved on expectations of a sustained order upcycle and rising demand for eco-friendly vessels.
Separately, HD Hyundai Heavy Industries said it has delivered a 22,000-cubic-meter liquefied carbon dioxide carrier to Greece-based Capital Clean Energy Carriers. The vessel, named ACTIVE, is the first of four such carriers ordered from the shipbuilder in 2023 and 2024.
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