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Korea Shipbuilding wins 617.3 bln-won order for 2 LNG carriers

Yonhap News logo Yonhap News 15/06/2022

SEOUL, June 15 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has inked a 617.3 billion-won (US$477 million) contract with an Oceanian shipping company to build two liquefied natural gas (LNG) carriers.

Under the deal, Hyundai Samho Heavy Industries Co., a KSOE affiliate, will construct the 174,000-cubic-meter vessels and deliver them to the undisclosed shipper by the first half of 2026.

KSOE has bagged orders to build 111 ships worth $13.54 billion so far this year, achieving 77.6 percent of its yearly order target of $17.44 billion.

KSOE, a subholding company of global shipping titan Hyundai Heavy Industries Holdings, has three shipbuilding affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries.

This photo provided by Korea Shipbuilding & Offshore Engineering Co. (KSOE) on June 15, 2022, shows a liquefied natural gas carrier built by Hyundai Samho Heavy Industries Co., a KSOE affiliate. (PHOTO NOT FOR SALE) (Yonhap) © Provided by Yonhap News This photo provided by Korea Shipbuilding & Offshore Engineering Co. (KSOE) on June 15, 2022, shows a liquefied natural gas carrier built by Hyundai Samho Heavy Industries Co., a KSOE affiliate. (PHOTO NOT FOR SALE) (Yonhap)

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