HD Korea Shipbuilding & Offshore Engineering has added to its vast order pile with two more VLGCs.

The vessels will be built for an unnamed Middle Eastern shipowner at its HD Hyundai Heavy Industries subsidiary.

The contract price is KRW 343bn ($248m), or $124m each, HD KSOE said in a filing on Wednesday.

This equates to 2.87% of the KRW 12trn of new contracts the South Korean group has clinched so far this year.

Delivery will be by the end of June 2027.

The price puts the vessels up there with the costliest VLGCs ordered this year.

The last two gas ships ordered at the yard earlier this month were two very large ammonia carriers for Maersk Tankers, priced at $118.4m apiece.

Greece’s Atlas Maritime paid $124m each for three 93,000-cbm LPG-fuelled VLGCs in March, and Alpha Gas $125.5m each for two LPG-powered units in January.

All of these were contracted at HD KSOE yards.

Earlier this week, the shipbuilder added two product tankers from the Vafias family of Greece.

Private Vafias vehicle Brave Maritime added a $108m brace at Hyundai Mipo Dockyard in Ulsan, TradeWinds reported.

The deal extends a strong relationship between the shipowner and shipyard, which spans tanker and gas markets.

Delivery will be by March 2027.

With the two VLGCs and two MRs, HD KSOE has secured contracts for a total of 122 vessels this year, including one offshore facility.

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