HD Hyundai Wins $1.42 Billion HMM Ship Order
HD Korea Shipbuilding & Offshore Engineering, HD Hyundai’s intermediate holding company for shipbuilding, said on Oct. 20 it signed a shipbuilding contract with HMM for eight 13,000-TEU LNG dual-fuel container ships. The total contract value amounts to 1.9196 trillion won ($1.42 billion). The vessel
HD Hyundai, South Korea's shipbuilding firm, has secured a substantial $1.42 billion contract with HMM for eight LNG dual-fuel container ships. The contract value, totaling 1.9196 trillion won, is set for production at HD Hyundai Heavy Industries' Ulsan shipyard and HD Hyundai Samho's Yeongam shipyard. The 337-meter long, 51-meter wide, and 27.9-meter high vessels will be built separately, with two at Ulsan and six at Yeongam, scheduled for delivery by 2029.
The ships will feature dual-fuel propulsion engines, capable of utilizing both LNG and conventional marine fuel, and will be equipped with independent LNG fuel tanks produced by HD Hyundai EcoVina. This strategic move by HD Hyundai not only secures technological completeness and profitability but also enables HMM to enhance its eco-friendly fleet and comply with global environmental regulations.
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