Shipyard

HD KSOE LNG Carrier Contract Covers Two Vessels

HD Korea Shipbuilding has secured a KRW 662.9 billion contract to build two LNG carriers for an unnamed African shipping company, with delivery scheduled by October 2029.

Image source: HD Hyundai Heavy Industries

11, November 2026
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HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured a contract to build two LNG carriers for an unnamed African shipping company. Signed on 6 November, the HD KSOE LNG carrier contract was disclosed on 9 November.

The contract is valued at KRW 662.9 billion, and HD Hyundai Heavy Industries will build the vessels. The filing lists 31 October 2029 as the contract end date and says the value equals 3.77% of the builder’s 2025 consolidated revenue. Yonhap reported that delivery is scheduled by October 2029.

The award brings HD KSOE’s 2026 order intake to 195 vessels worth $21.69 billion, or 93.1% of its $23.31 billion annual target, according to reported company figures. Its orders include 19 LNG carriers, 62 carriers for liquefied carbon dioxide, ammonia and liquefied petroleum gas, 59 product carriers, 38 containerships and 11 crude oil tankers.

Tags: African shipping company, HD Hyundai Heavy Industries, HD Korea Shipbuilding, LNG carriers, Shipbuilding

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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