HD Korea Shipbuilding, a mid-holding company of HD Hyundai, announced on August 24 that it has signed a contract with a shipping company based in Oceania for the construction of four liquefied petroleum gas (LPG) carriers. The contract is valued at 515.4 billion won, which represents 2.93% of its recent revenue.
The LPG carriers will be built by HD Hyundai Heavy Industries and are scheduled for delivery by the first half of 2030.
Including this latest order, HD Korea Shipbuilding has secured a total of $18.08 billion (162 vessels) to date, achieving 77.6% of its annual order target of $23.31 billion.
By vessel type, the orders include 17 liquefied natural gas (LNG) carriers, 30 container ships, 50 LPG, ammonia, and liquefied carbon dioxide carriers, 11 crude oil carriers, 50 petrochemical product carriers (PC ships), 2 pure car and truck carriers (PCTC), and 2 others.
Additionally, HD Korea Shipbuilding reported a consolidated revenue of 8.927 trillion won and an operating profit of 1.6451 trillion won for the second quarter of 2026. This marks a 20.2% increase in revenue and a 72.5% increase in operating profit compared to the same period last year.
* This article has been translated by AI.
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