HD Hyundai Heavy wins $460 million VLGC order for Middle East-based client
Published: 19 Apr. 2026, 16:43
![This file photo provided by HD Hyundai Heavy Industries shows a midsize gas carrier in test operations. [YONHAP]](https://koreaseafood.online/data/photo/2026/04/19/0ba33025-9719-4dea-8a3f-3306b6d277e2.jpg)
This file photo provided by HD Hyundai Heavy Industries shows a midsize gas carrier in test operations. [YONHAP]
HD Hyundai Heavy Industries, Korea's leading shipbuilder, said on Friday that it has secured a 674.7 billion won ($460 million) contract to build four gas carriers for a Middle East-based client.
The four very large gas carriers (VLGCs) are scheduled for delivery by November 2029, the company said in a regulatory filing, without disclosing the identity of the shipper.
HD Hyundai Heavy is a key affiliate of HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai. Another shipbuilding subsidiary under HD KSOE is Hyundai Samho Heavy Industries.
According to HD KSOE, it has secured $8.21 billion in new orders so far this year, achieving 35.2 percent of its annual target of $23.31 billion.
Yonhap
with the Korea JoongAng Daily
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