HD Korea Shipbuilding and Offshore Engineering announced on Monday, November 9, that it had secured an order for two LNG carriers from an unnamed shipping company based in Africa.
The contract is worth KRW662.9 billion ($494 million). It was signed on November 6, and the vessels will be built by HD Hyundai Heavy Industries at Ulsan. The value equals 3.77 per cent of HD Hyundai Heavy Industries' 2025 consolidated revenue.
The regulatory filing for the contract lists a contract end date of October 31, 2029.
With the latest award, the HD Hyundai shipbuilding holding company has received orders for 195 ships worth $21.69 billion so far in 2026. This represents 93.1 per cent of its provisional annual target of $23.31 billion.
The group has now booked 19 LNG carriers this year. Its biggest order-book category consists of 62 carriers for liquefied carbon dioxide, ammonia and liquefied petroleum gas (LPG). It has also booked 59 product carriers, 38 containerships and 11 crude oil tankers.
On November 6, the group announced a separate KRW630.1 billion order for four very large ammonia carriers from an Africa-based shipping company. HD Hyundai Heavy Industries will also build those vessels.
In October, the group contracted eight LNG dual-fuel containerships for HMM. It later reported a 37.3 per cent rise in third-quarter operating profit.