HD Korea Shipbuilding wins $466.3 mil. order for 4 ammonia carriers

A very large ammonia carrier built by HD Korea Shipbuilding & Offshore Engineering is seen in this undated photo provided by HD Korea Shipbuilding & Offshore Engineering. Yonhap

Major Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Tuesday it has won a 631.9 billion-won ($466.3 million) order to build four very large ammonia carriers (VLAC) for a European shipper.

The VLAC vessels will be built at the shipyard of Hyundai Samho Heavy Industries for delivery by July 2028, the company said in a regulatory filing.

The company didn't identify the name of the shipper.

So far this year, HD Korea Shipbuilding has obtained orders to construct 86 vessels worth $9.86 billion, or 73 percent of its yearly target of $13.5 billion.

The ships include six liquefied natural gas carriers, 32 petrochemical carriers, 32 liquefied petroleum gas and ammonia carriers, and six very large and ultra-large crude carriers.

HD Korea Shipbuilding, a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has three domestic units under its wing — HD Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries. (Yonhap)