HD KSOE wins $610.6 mil. container ship order from Oceania

This photo shows a 13,000 twenty-foot equivalent unit container ship undergoing a test operation ahead of its delivery in 2024. Courtesy of HD Korea Shipbuilding & Offshore Engineering

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said Tuesday it has secured a 834.8 billion-won ($610.6 million) contract to supply four container ships to a shipping company based in Oceania.

Under the deal, HD Hyundai Heavy Industries and HD Hyundai Samho Heavy Industries will each construct two vessels, with deliveries scheduled to be carried out in phases through 2028.

With the latest order, HD KSOE has secured contracts for a total of 80 vessels worth $11.11 billion so far this year, achieving 61.5 percent of its annual order target of $18.05 billion.

HD KSOE, a subholding company of shipbuilding-to-machinery conglomerate HD Hyundai, has three affiliates — HD Hyundai Heavy Industries, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard.