Korea Shipbuilding wins W891 bil. orders for LNG carriers - The Korea Times
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Korea Shipbuilding wins W891 bil. orders for LNG carriers

An LNG carrier built by Korea Shipbuilding & Offshore Engineering (KSOE) / Courtesy of KSOE
An LNG carrier built by Korea Shipbuilding & Offshore Engineering (KSOE) / Courtesy of KSOE

Korea Shipbuilding Offshore Engineering (KSOE) said Friday its two affiliates have signed deals amounting to a combined 891 billion won ($750 million) to build four liquefied natural gas (LNG) carriers.

Hyundai Heavy Industries has bagged a 445.6 billion won deal to construct two LNG carriers from a shipper in Bermuda, while Hyundai Samho Heavy Industries has won a 445.6 billion won deal to build two LNG carriers from a European company, KSOE said in a regulatory filing.

The two shipbuilders will deliver the LNG vessels starting in 2023, KSOE said.

KSOE has three shipbuilders _ Hyundai Heavy, Hyundai Samho and Hyundai Mipo Dockyard.

The holding company said its three shipbuilding subsidiaries have clinched a combined $2.9 billion in orders to build 42 ships in the January-July period, meeting 19 percent of their annual order targets of $15.7 billion.

Korea Shipbuilding posted 400 million won in net profit in the second quarter, compared with a profit of 201.6 billion won a year earlier as orders sharply fell due to COVID-19. (Yonhap)


An LNG carrier built by Korea Shipbuilding & Offshore Engineering (KSOE) / Courtesy of KSOE
An LNG carrier built by Korea Shipbuilding & Offshore Engineering (KSOE) / Courtesy of KSOE

Korea Shipbuilding Offshore Engineering (KSOE) said Friday its two affiliates have signed deals amounting to a combined 891 billion won ($750 million) to build four liquefied natural gas (LNG) carriers.

Hyundai Heavy Industries has bagged a 445.6 billion won deal to construct two LNG carriers from a shipper in Bermuda, while Hyundai Samho Heavy Industries has won a 445.6 billion won deal to build two LNG carriers from a European company, KSOE said in a regulatory filing.

The two shipbuilders will deliver the LNG vessels starting in 2023, KSOE said.

KSOE has three shipbuilders _ Hyundai Heavy, Hyundai Samho and Hyundai Mipo Dockyard.

The holding company said its three shipbuilding subsidiaries have clinched a combined $2.9 billion in orders to build 42 ships in the January-July period, meeting 19 percent of their annual order targets of $15.7 billion.

Korea Shipbuilding posted 400 million won in net profit in the second quarter, compared with a profit of 201.6 billion won a year earlier as orders sharply fell due to COVID-19. (Yonhap)



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