Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of Hyundai Heavy Industries Group, won orders for seven large liquefied natural gas (LNG) carriers worth nearly 2 trillion won. The order is believed to come from Qatar, the world’s largest LNG producer.
Analysts estimate KSOE’s LNG carrier order intake from Qatar at 17 units. Each of the LNG carriers ordered this time is 299 meters long, 45.4 meters wide and 26.5 meters tall. They will be built at Hyundai Heavy Industries in Ulsan, Korea and delivered to the client sequentially by the second half of 2026.
KSOE’s stellar order-taking performances significantly helped the Korean shipbuilding industry lead the world in the shipbuilding industry. Korea posted 1.16 million CGT (19 ships) of 2.1 million CGT (70 ships) in global ship orders in July, accounting for a 55 percent share, according to Clarkson Research, a British shipbuilding and shipping market analysis company. It continued to rank first in shipbuilding orders for three months in a row. From January to July of this year, Korea logged orders for 11.13 million CGT (204 ships, 47 percent), beating China with 10.7 million CGT (383 ships, 42 percent).
Source: BusinessKorea
