Shipyard

HD Korea Shipbuilding Secures 885 Billion Won FSRU and LNG Carrier Order

HD Korea Shipbuilding & Offshore Engineering has signed an 885 billion won contract for one FSRU and one LNG carrier, with delivery scheduled by the first half of 2029.

Image source: HD Hyundai

1, July 2026
287 Views

HD Korea Shipbuilding & Offshore Engineering has signed a contract to build two LNG-related vessels worth a combined 885 billion won.

The order covers one floating storage and regasification unit (FSRU) valued at 492.8 billion won and one LNG carrier valued at 392.2 billion won. Both vessels will be built by HD Hyundai Heavy Industries and delivered by the first half of 2029.

An FSRU is a special-purpose vessel that regasifies liquefied natural gas at sea before supplying it to shore.

With the latest order, HD Hyundai Heavy Industries has secured contracts for 14 FSRUs. In 2014, the company built the 170,000-cubic-meter LNG-FSRU Independence for Norway’s Hoegh LNG.

Including this contract, HD Korea Shipbuilding & Offshore Engineering has received orders for 133 vessels worth $15.72 billion, or about 24.5 trillion won, so far this year. The figure equals 67.4% of its annual order target of $23.31 billion, or about 36.3 trillion won.

Tags: FSRU, HD Hyundai Heavy Industries, HD Korea Shipbuilding & Offshore Engineering, LNG carrier, LNG shipping, 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.

15, Oct
|

Shipyard

EU adds Russian shipyards to sanctions list

The EU has listed 826 companies and 743 chief executives. Maritime reports identify submarine builders, ship repair facilities and design bureaux among the businesses covered by the new designations.

14, Oct
|

Offshore - Renewable

Kongsberg Maritime wins deal for four IWS Fleet CSOVs

The new IWS Fleet vessels will use the UT 5519 DEx design, with accommodation for up to 120 people per ship. Nantong Rainbow Offshore & Engineering Equipment will build them, with first delivery due in 2029.

14, Oct
|

Shipyard

HD Hyundai Heavy Industries safety spending to rise KRW 17bn

HD Hyundai Heavy Industries plans emergency communication upgrades and vision sensors, subject to labour talks, alongside revised safety responsibilities and training support for foreign workers.