South Korean shipyard group HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai specialized in shipbuilding, announced yesterday that it has recently signed a contract to build two Petrochemical Product Carriers (PCs) with a shipping company based in Middle East.

The total order amount is 148.4 billion KRW (about USD 108 million), and the two PCs will be built by HD Hyundai Mipo for scheduled delivery by December 2026.

With this order, HD Korea Shipbuilding & Offshore Engineering has received orders for a total of 112 ships (including 1 offshore unit) worth 12.11 billion USD to date, achieving 89.7% of the annual order target of 13.5 billion USD (provisional).

The company has received orders for 8 LNG carriers, 48 PCs, 36 LPG/ammonia carriers, 1 ethane carrier, 2 liquefied carbon dioxide carriers, 6 VLCCs, 3 tankers, 2 PCTCs, 1 FSRU, 1 offshore and 4 naval ships.

Source: HD Korea Shipbuilding & Offshore Engineering