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HD KSOE Receives Order for 2 VLACs from Africa

Posted on February 21, 2024

HD Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, has won two orders for very large ammonia carriers (VLACs).

HD KSOE said in a public disclosure on Feb. 20 that it recently signed construction contracts for two VLACs with an African-based client. The total order value is about 322.8 billion won. The two VLACs will be built by HD Hyundai Heavy Industries (HHI) in Ulsan, Korea and delivered to the client by February 2027.

To date, HDH has secured orders for a total of 40 vessels (including one offshore plant) valued at US$4.77 billion, provisionally reaching 35.3 percent of its annual order intake target of US$13.5 billion. By vessel type, the orders include two liquefied natural gas (LNG) carriers, 15 petrochemical carriers (PCs), 17 liquefied petroleum gas (LPG) and ammonia carriers, one ethanol carrier, two liquefied carbon dioxide carriers, and two tankers.


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