Image used for illustrative purpose. Image Credit: HD HHI
1 minute read

HD KSOE to build ammonia carrier trio under $372 million deal

As informed, the company will build the three vessels for an unnamed shipping company from Oceania.

HD Hyundai Heavy Industries (HD HHI), one of HD Korea Shipbuilding’s three shipbuilding divisions, will build the ammonia carriers. The contract is valued at KRW 489.6 billion ($372 million).

The ships are scheduled for delivery by the end of December 2027, HD KSOE revealed in its stock exchange filling.

Since the beginning of this year, the South Korean shipbuilder scored orders to build 72 vessels worth $8.75 billion. This represents 64.8 percent of its yearly target of $13.5 billion.

The orders cover the construction of various types of ships including six liquefied natural gas (LNG) carriers, 26 petrochemical carriers, 24 liquefied petroleum gas and ammonia carriers, and six very large and ultra-large crude carriers.

To remind, in January this year, HD KSOE secured an order for the construction of three VLACs for an unnamed shipping company from Central and South America. The contract is valued at KRW 491.1 billion ($366 million).

Legal Disclaimer:
Offshore Energy
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • LNG and Industrial Gases
    1 minute read

    Technip Energies awarded new contract at…

    19 Jun. 2024 | Global Flow Control
  • Hydrogen and Carbon Capture
    3 minutes read

    McDermott Selected by Abraxas Power for…

    19 Jun. 2024 | Global Flow Control
  • Mining and Metals
    2 minutes read

    Occidental Petroleum and Berkshire Hathaway Join…

    18 Jun. 2024 | Global Flow Control
  • Renewables
    2 minutes read

    USA invests $126 Million in Indonesian…

    18 Jun. 2024 | Global Flow Control