HD Korea Shipbuilding & Offshore Engineering , the intermediate shipbuilding holding company of HD Hyundai, announced  that it has recently signed a construction contract worth 481.6 billion won with a shipowner from the Oceania region for a total of four vessels: two crude oil carriers and two petrochemical product carriers .

The company stated in a disclosure on the same day that the vessels built under the contract will be delivered by the first half of 2029. The crude oil carriers are 157,000 DWT (deadweight tonnage, the maximum weight of all cargo, fuel, passengers, etc., that a ship can carry), and the petrochemical product carriers are 115,000 DWT in size.

Including this latest order, HD KSOE has secured a total of nine vessels to date. The company has tentatively achieved 6.4% ($1.49 billion) of its annual order target of $23.31 billion. By vessel type, the orders consist of four liquefied natural gas (LNG) carriers, one liquefied petroleum gas (LPG)/ammonia carrier, two crude oil carriers, and two PC tankers.

Source:Business Korea