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Korean shipbuilder KSOE wins $308 million order for 2 ethane carriers

Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of the world’s top shipbuilder Hyundai Heavy Industries Group, said on Thursday that it has won a 399.9 billion won ($308 million) order to build two very large ethane carriers (VLECs) for an undisclosed Asian shipper.

Hyundai Heavy Industries will build the vessels in its shipyard in Ulsan, a coastal city in South Gyeongsang Province, and deliver them by the first half of 2026.

With the new order, KSOE has so far won orders for 190 vessels worth $22.82 billion, far exceeding its annual target of $17.44 billion.
Source: The Korea Economic Daily

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