https://koreajoongangdaily.joins.com/news/2024-01-05/business/industry/HD-KSOE-secures-2305-million-gas-carrier-deal-for-European-shipper/1952033

HD Korea Shipbuilding & Offshore Engineering has secured a substantial contract valued at 631.9 billion won ($466.4 million) to construct four very large ammonia carriers (VLAC) for a European client. According to a regulatory filing made on Tuesday, the VLAC vessels will be manufactured at the facilities of Hyundai Samho Heavy Industries, with a scheduled delivery set for July 2028. Notably, the identity of the European shipper has not been disclosed by the company.

 This achievement further underscores HD Korea Shipbuilding's successful year, as it has already garnered orders for 86 vessels, totaling $9.86 billion. These orders represent an impressive 73 percent of the company's yearly target of $13.5 billion. The diverse range of vessels ordered includes liquefied natural gas carriers, petrochemical carriers, liquefied petroleum gas and ammonia carriers, among others. HD Korea Shipbuilding operates as a subsidiary of the prominent shipbuilding, oil refining, and machinery conglomerate, HD Hyundai. It oversees three domestic entities: HD Hyundai Heavy Industries, Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries. This latest contract underscores the company's position as a key player in the global shipbuilding industry.