Image for illustration purposes only.
South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) has revealed a major order for the HD Hyundai Heavy Industries, a shipyard and marine engine builder. The order signed on June 9 is for the construction of eight containerships for an undisclosed Asian shipping company by 2028.
The shipbuilding contract for the construction of the boxships was disclosed by the company on June 10, with expected delivery to the company on November 30, 2028, the company said in a stock exchange filing.
The Hyundai shipyard stretches over four kilometers along the coast of Mipo Bay in Ulsan, Korea.
The contract period starts on June 9, 2025, and ends on November 30, 2028. This order adds to HD KSOE’s portfolio, which has seen significant activity this year.
Recently, executive vice chairman of HD Hyundai Chung Kisun held talks with the United States Trade Representative (USTR) to explore opportunities for cooperation between South Korea and the U.S. in the shipbuilding industry.
HD Hyundai announced on May 16, that Chung met with U.S. Trade Representative (USTR) Jamieson Greer to explore measures for strategic cooperation between Korea and the United States in the shipbuilding sector.
The USTR delegation was visiting Korea for a meeting of trade ministers from the Asia-Pacific Economic Cooperation (APEC) grouping.
During the meeting, Chung proposed concrete areas of cooperation, including joint technology development, shipbuilding cooperation, and skilled workforce training programs.
Chung also introduced HD Hyundai’s affiliate, HD Hyundai Samho, and its crane manufacturing capabilities while addressing port cranes in the U.S. market. He then proposed the need to strengthen cooperation between the two countries to diversify and stabilize the U.S. port equipment supply chain.
Chung remarked, “We deeply appreciate the United States’ commitment to rebuilding its shipbuilding industry. HD Hyundai stands fully prepared and willing to contribute wherever our capabilities are needed.”
