KSOE owns three shipbuilding units, namely HHI, HSHI and Hyundai Mipo Dockyard. Credit: Shaah Shahidh on Unsplash.

Korea Shipbuilding and Offshore Engineering (KSOE) has reportedly secured orders for the construction of seven liquefied natural gas (LNG) carriers.

The total value of the orders stands at around $1.4bn (KRW1.56tn), reported Yonhap News Agency.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In a regulatory filing, KSOE revealed that Hyundai Heavy Industries (HHI), a unit of KSOE, has secured a $586m (KRW678bn) deal from an Asian company for the construction of three LNG carriers.

These ships are expected to be completed by the end of 2024.

Another KSOE unit, Hyundai Samho Heavy Industries (HSHI), has won an order from a Europe-based company for the construction of two LNG carriers.

Under the $400m (KRW462.7bn) deal, HSHI is expected to complete the construction of these vessels by the end of March 2024.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

A Liberian company has also placed an order with HSHI for the construction of two LNG carriers.

This deal has been valued at around $364m (KRW420.7bn).

With these recent orders, KSOE has secured orders for nearly 176 ships and two offshore plants so far this year. The orders have a combined value of around $16.8bn.

Earlier this month, KSOE secured deals for the construction of four LNG vessels.

The combined value of the deals stood at around $792m (KRW911bn).

In a regulatory filing, KSOE said that HHI secured a contract from a Bermudian company to build and deliver two LNG carriers.

At the same time, HSHI secured a $400m (KRW458bn) deal from a European firm to build two more LNG carriers.

KSOE owns three shipbuilding units, namely HHI, HSHI and Hyundai Mipo Dockyard.