HD Korea Shipbuilding & Offshore Engineering, ammonia carrier 3 vessels 5,456won in orders
HD Korea Shipbuilding & Offshore Engineering signed a contract, entrusted to its subsidiary HD Hyundai Samho, to build ultra-large ammonia carriers (VLACs) 3 vessels. The total contract value is 5,456won, and the ships are scheduled for delivery by 2030 year 5month.
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HD Korea Shipbuilding & Offshore Engineering announced that on 7month 13day it signed a construction contract with a shipowner in Europe for ultra-large ammonia carriers (VLACs) 3 vessels. The contract value is 5,456won.
These vessels will be built by HD Hyundai Samho and are scheduled for delivery by 2030year 5month. HD Hyundai Samho is a subsidiary of HD Korea Shipbuilding & Offshore Engineering, which holds a 96.65% stake.
The company said the size of this order is equivalent to 8trillion 714won of HD Hyundai Samho's separate revenue last year, 6.76%. The contract announcement date is 2026year 7month 13day.
Since the start of this year, HD Korea Shipbuilding & Offshore Engineering has secured a total of 142 vessels, 163 hundred million 9000 ten thousand dollars, and announced that this accounts for 233 hundred million 1000 ten thousand dollars of its annual order target, 70.3%. According to the report, this VLAC will be delivered in stages by 2030 the first half of the year.
Ammonia is drawing attention as a carbon-free fuel because it does not emit carbon dioxide during combustion, and the company said demand for VLACs that carry it is increasing.