Ulsan:Seoul HD Korea Shipbuilding and Offshore Engineering Co. (HD KSOE) has announced a significant contract win, securing a 1.91 trillion-won (US$1.44 billion) deal with South Korean shipping company HMM Co. to construct eight liquefied natural gas (LNG) dual-fuel container ships.
According to Yonhap News Agency, HD KSOE, a shipbuilding subholding company of HD Hyundai Co., will equip these vessels with engines capable of running on both LNG and conventional marine fuels. The container ships, classified as 13,000-twenty-foot-equivalent-unit (TEU)-class, will measure 337 meters in length, 51 meters in width, and 27.9 meters in height.
The construction of two of these vessels will take place at HD Hyundai Heavy Industries Co.'s shipyard in Ulsan, located in the southeast, while the remaining six ships will be built at HD Hyundai Samho Co.'s shipyard in Yeongam, in the southwest. Delivery of all eight vessels to HMM is planned to occur in stages by 2029.
With this recent contract, HD KSOE has accumulated orders worth $20.19 billion for a total of 182 vessels this year, achieving 86.6 percent of its annual order target.