|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)