KSOE secures new shipbuilding orders

KSOE

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said its unit Hyundai Heavy Industries (HHI) has received a contract for the construction of two very large ethane carriers (VLECs).

The deal, signed with an undisclosed Asian shipping company, is worth KRW 247.1 billion (about $218.5 million), according to KSOE’s stock exchange filing.

The newbuilds are scheduled to be delivered by 31 January 2023.

Additionally, Hyundai Mipo Dockyard (HMD), also part of KSOE, announced a new order for two 50,000-tonne petrochemical carriers.

The deal, revealed on 31 March 2021, is valued at KRW 82.6 billion ($73.09 million). The vessels will be delivered by mid July 2022 to a Europe buyer.

 

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