HD Korea Shipbuilding & Marine Engineering won a $500 million order to build three ultra-large ethane carriers.

HD Korea Shipbuilding & Marine Engineering recently signed a contract with an Oceania-based shipping company to build three super-large ethane carriers of 98,000 cubic meters.

It will construct the 98,000 cubic meter vessels at HD Hyundai Heavy Industries in Ulsan, the company said in a regulatory filing.

The ethane carriers will be delivered to the undisclosed shipping company by the first half of 2027, it said.

The deal comes about one month after the shipbuilder clinched an order to construct two very large ethane carriers.

So far this year, HD Korea Shipbuilding has obtained orders to build 80 gas carriers, including 39 liquefied natural gas carriers.

In line with growing global demand, HD Korea Shipbuilding will redouble its efforts to take the lead in the world market for next-generation gas carriers by making the most of its ample construction experience and technological prowess, a company official said.

Specifically, the official from HD Korea Shipbuilding & Marine Engineering said, “As global demand increases, inquiries about the construction of gas carriers are continuing,” and “based on our abundant construction experience and technology, we plan to dominate the next-generation gas carrier market such as ammonia and hydrogen.”