HD Korea Shipbuilding Secures Four Ammonia Carriers, Reaching 91% of Annual Target
HD Korea Shipbuilding & Offshore Engineering has secured an order for four very large ammonia carriers (VLACs) from an Africa-based shipowner, bringing it closer to achieving its annual order target. The contract is valued at a total of 630.1 billion won, or approximately $463.75 million, with an av
BusinessKorea reports that HD Korea Shipbuilding & Offshore Engineering has secured four very large ammonia carriers (VLACs) from an African shipowner, bringing the company closer to its annual order target. The contract, valued at approximately $463.75 million, includes an average price of $157.5 million per vessel and is scheduled for sequential delivery through the first half of 2030.
This brings the company's provisional year-to-date order intake to 193 vessels worth $21.2 billion, representing 91% of its $23.31 billion annual target. Industry experts attribute the company's success to its selective ordering strategy, targeting high-value-added vessels and maintaining a stable order backlog.
Brief written by urgent.news from BusinessKorea's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
