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Shipping & Shipbuilding

KSOE wins order for 2 mid-sized gas carriers at $146 mn

The S.Korean shipbuilder has received orders worth $6.3 billion for 47 vessels this year, representing 40% of its annual target

By Mar 10, 2023 (Gmt+09:00)

1 Min read

The　Hyundai　Mipo's　38,000-cubic-meter-class　LPG　carrier 
The　Hyundai　Mipo's　38,000-cubic-meter-class　LPG　carrier 

Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company for HD Hyundai Co., announced on Friday in a regulatory filing that it signed a contract with a European shipping company to construct two mid-sized gas carriers, totaling an order volume of 193.7 billion won ($146.2 million).

The vessels will be built at Hyundai Mipo Dockyard in Ulsan and delivered sequentially by Oct. 2025.

KSOE has received orders worth $6.3 billion for 47 vessels this year, representing 40% of its annual target of $15.7 billion.

Its order book includes 11 petrochemical carriers, one tanker, 19 container ships, eight liquefied natural gas carriers, six liquefied petroleum gas carriers and two mid-sized gas carriers.

Write to Ik-Hwan Kim at lovepen@hankyung.com
#Korea Shipbuilding & Offshore Engineering #KSOE #Hyundai Mipo Dockyard #mid-sized gas carrier #HD Hyundai #korea ksoe mgc
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