KSOE wins order $171 mn for two crude oil carriers

Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of South Korea's HD Hyundai Group, announced on Thursday that it has recently signed a contract to build two crude oil carriers with an African shipping company, totaling 225 billion won ($171 million).

The carriers ordered in the latest contract are Suezmax class, meaning the maximum tanker size that can pass through the Suez Canal, and will be built by Hyundai Samho Heavy Industries in Yeongam, South Jeolla Province, with delivery scheduled by May 2025.

One of the notable features of the carriers ordered in this contract is the application of scrubbers, which reduce emissions of sulfur oxides.

So far this year, KSOE has won a total of 58 shipbuilding orders worth $7.45 billion, achieving 47.3% of its annual order target of $15.74 billion. The orders include 16 product carriers, 3 tankers, 19 container ships, 10 LNG carriers, 8 LPG carriers and 2 medium-sized gas carriers.

Write to Hyung-Kyu Kim at khk@hankyung.com