HD KSOE bags $311M deal to build 6 petroleum carriers

HD Korea Shipbuilding & Offshore Engineering (KSOE) said Thursday it has secured a 469.9 billion won ($311.2 million) contract from a Middle Eastern client to build six petroleum carriers.

The shipbuilding subholding company of HD Hyundai said its affiliate, HD Hyundai Heavy Industries, will build the ships and deliver them by the first half of 2029.

With the latest contract, HD KSOE has secured orders worth $16.03 billion for 139 ships so far this year, achieving 68.8 percent of its annual order target.

Yonhap