South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) one of the world’s largest shipbuilders has struck another deal to construct two LNGCs.

The company which is one of the largest manufacturers in South Korea after Samsung Electronics, Hyundai Motor and others, has won an order to construct two liquified natural gas (LNG) carriers.

In the company’s stock exchange filling, it is mentioned that the vessels will be built by HD KSOE’s subsidiary HD Hyundai Heavy Industries for an undisclosed shipowner.

The company didn’t reveal the name of the shipping company, but it said that the order was placed by a shipowner from Africa.

The announcement was made yesterday, and the price stated in the construction order is KRW 679 billion.

The contract period involved is the 02 August 2023 with the delivery date expected to take place when the contract ends at the end of November 2027.

The shipbuilder formerly known as Hyundai Heavy Industries, it split it into two, KSOE and newly created HHI, in May 2019. KSOE has become a holding company, putting HHI under its wing, as Nikkei Asia reports.

In July the shipyard signed a contract with Greek shipowner Evangelos Marinaki´s Capital Maritime Group for two liquefied carbon dioxide carriers, worth KRW 179 billion, to be built at Hyundai Mipo Dockyard.

Hyundai Mipo Dockyard will construct the 22,000-cubic-meter vessels in its shipyard.

The vessels, which are capable of carrying liquefied petroleum gas and ammonia in addition to liquefied carbon dioxide (LCO2), will be the largest of their kind in the world, said HD Korea Shipbuilding in July.