HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has announced a newbuilding contract for two LPG carriers worth in total KRW 219.5bn ($159m).
It said the gas carriers, ordered by a Middle East shipping company, would be built at HD Hyundai Mipo Dockyard for delivery by June 2026.
HD KSOE did not disclose the buyer’s identity or vessel size. But shipbuilding brokers said the price of $79.5m apiece puts the ship type at between 40,000 cbm and 45,000 cbm.
In April, Greek shipowner Evangelos Marinakis’ Capital Maritime & Trading was reported to be the buyer behind four midsize LPG carriers at HD HMD.
It was said to have ordered the 45,000 cbm vessels for $78m apiece.
HD HMD is scheduled to deliver two newbuildings in 2027 and two in 2028.
HD KSOE is the holding company for HD Hyundai Heavy Industries, Hyundai Samho Heavy Industries and HD HMD.
The group has now achieved $16.5bn worth of orders for more than 135 newbuildings this year — exceeding its annual target of $13.5bn.
