Korea Shipbuilding & Offshore Engineering (KSOE) has secured orders worth a total of $489m from Europe, Asia, and Africa.

The orders comprise nine vessels, three oil tankers, three petrochemical carriers, two liquefied petroleum gas (LPG) carriers, and a container carrier, Korea Shipbuilding said.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The three very large crude-oil carriers will be built by Hyundai Samho Heavy Industries for an Asian company.

The delivery of the crude-oil carriers will commence from the second half of 2022.

On the other hand, the three petrochemical carriers, two LPG carriers and the container carrier will be supplied from the first half of 2022.

In January, KSOE secured contracts worth $263m from three companies in Liberia, Oceania, and Asia for the construction of fuel-bearing vessels.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

The company said that Hyundai Samho Heavy Industries will construct a 174,000cm³ liquefied natural gas (LNG) carrier as part of a deal with a Liberian company.

The vessel has been scheduled for delivery in the second half of 2023.

Overall, the deal had the option of building two 174,000cm³ LNG carriers and one LPG carrier for a total value of nearly $410m.

As part of the deal with an Oceania company, Hyundai Mipo Dockyard will build a 40,000cm³ LPG carrier and deliver it by the first half of 2023.

Furthermore, according to the deal with an Asian firm, Hyundai-Vietnam Shipbuilding, a Vietnamese unit of Hyundai Mipo Dockyard, will construct a 50,000t petrochemicals carrier (PC).

Korea Shipbuilding estimated the vessel delivery to take place by the first half of 2022.

Currently, three shipbuilding units of HHI Group, namely Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, are operating under KSOE.

Ship Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Ship Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
From automated chartering invoices to EU ETS and CII management, Ankeri Solutions’ maritime SaaS platform has earned three Ship Technology Excellence Awards for 2025. See how Ankeri is helping shipowners and charterers boost efficiency, cut emissions, and collaborate better across complex global fleets.

Discover the Impact