Mid-sized shipbuilder lands orders for six petrochemical carriers

by Lee Na-kyeong Posted : August 26, 2026, 11:40Updated : August 26, 2026, 11:40
A K Shipbuilding vessel
Courtesy of K Shipbuilding
SEOUL, August 26 (AJP) - K Shipbuilding has signed new contracts with shipowners based in Europe and the Middle East to build six carriers for petrochemical products, the midsize shipbuilder said on Wednesday.

It said the order, worth about 510 billion won includes two 50,000-ton vessels and four 74,000-ton vessels.

They will be built at K Shipbuilding's shipyard in Jinhae, Changwon, South Gyeongsang Province, and delivered gradually starting in the first half of 2028.

The ships, among the shipbuilder's key vessel types, will feature eco-friendly, high-efficiency designs using its energy-saving devices.

"The latest orders reflect our customers' confidence in our extensive experience, shipbuilding expertise and capabilities," it said in a statement. "We will continue to deliver high-quality ships and strengthen our position as a global shipbuilder."

K Shipbuilding has emerged as a competitive mid-sized shipbuilder, posting 683.5 billion won in revenue and 114.3 billion won in operating profit in the first half of this year.

AJP Takeaways

• K Shipbuilding has secured orders worth about 510 billion won to build six petrochemical product carriers for shipowners in Europe and the Middle East.
• The six vessels, including 50,000-ton and 74,000-ton carriers, will be built at K Shipbuilding's Jinhae shipyard in Changwon, South Gyeongsang Province, with deliveries starting in the first half of 2028.
• K Shipbuilding posted 683.5 billion won in revenue and 114.3 billion won in operating profit in the first half of 2026, highlighting its growing competitiveness as a midsize shipbuilder.