SEOUL, January 20 (AJP) - HD Korea Shipbuilding & Offshore, the shipbuilding arm of HD Hyundai, said on Tuesday it has secured orders for crude oil tankers and petrochemical product carriers, extending a strong start to the year.
The company said it signed contracts to build two crude oil tankers and two petrochemical product carriers, or PC carriers, with a combined value of 481.6 billion won ($350 million). The vessels will be constructed at HD Hyundai Heavy Industries and delivered in stages by the first half of 2029.
With the latest contracts, HD Korea Shipbuilding & Offshore’s year-to-date orders have risen to nine vessels. In value terms, the company has provisionally secured $1.49 billion, equivalent to 6.4 percent of its annual order target of $23.31 billion.
The company has so far booked orders for four liquefied natural gas carriers, one liquefied petroleum gas and ammonia carrier, two crude oil tankers and two PC carriers.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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