HD Korea Shipbuilding Secures $390 Million Order for Three Very Large Ammonia Carriers

HD Korea Shipbuilding & Offshore Engineering (HD Hyundai Heavy Industries' shipbuilding intermediate holding company) announced on Monday that it has signed a contract with a European shipowner to construct three Very Large Ammonia Carriers (VLACs).

The total value of the contract is 545.6 billion South Korean won, which is approximately $390 million USD. This significant order underscores the growing demand for vessels capable of transporting ammonia, a key fuel in the global transition towards cleaner energy sources.

The three VLACs will be built at the HD Hyundai Samho shipyard and are slated for delivery in the first half of 2030. This timeline reflects the complex engineering and construction processes involved in building these specialized vessels.

With this latest order, HD Korea Shipbuilding & Offshore Engineering has secured contracts for a total of 142 vessels worth $16.39 billion USD to date. The company's strong order backlog highlights its leading position in the global shipbuilding market, particularly in the construction of eco-friendly and large-capacity vessels.