HD Hyundai Heavy Industries   announced on Oct. 15 that it has signed a contract with an Oceania-based shipping company for the construction of two very large ammonia carriers .

The order is valued at 339.6 billion won (approximately $261.2 million). The two VLACs are scheduled to be delivered by September 2027.

The latest order boosts this year’s order intake of HD Korea Shipbuilding & Offshore Engineering (KSOE), HD HHI’s parent company and HD Hyundai Group’s intermediate holding company for the shipbuilding sector, to a total of 169 vessels (including one offshore facility) worth $18.84 billion. The shipbuilder has provisionally attained 139.5 percent of its annual order target of $13.5 billion.

The 169 vessels include eight liquefied natural gas (LNG) carriers, three LNG bunkering vessels, 62 petrochemical carriers (PCs), 48 liquefied petroleum gas (LPG) and ammonia carriers, 22 container carriers, three ethane carriers, three liquefied carbon dioxide carriers, two liquefied carbon dioxide carriers, six very large crude carriers (VLCCs), seven tankers, two pure car and truck carriers (PCTCs), one floating storage and regasification unit (FSRU), one offshore facility and four specialty vessels.

Source:Business Korea