Korea Shipbuilding to build six ships worth 837 billion won

Korea Shipbuilding & Offshore Engineering announced Monday that it has inked deals to build six ships worth 837 billion won ($738 million).

A liquefied natural gas carrier built by Hyundai Heavy Industries [KOREA SHIPBUILDING & OFFSHORE ENGINEERING]

Korea Shipbuilding & Offshore Engineering announced Monday that it has inked deals to build six ships worth 837 billion won ($738 million).

The deal was made between four different shipping companies.

The orders were for two liquefied natural gas (LNG) carriers, three very large liquefied petroleum gas carriers and one very large crude carrier.

The LNG carriers will be built at Hyundai Heavy Industries' shipyard in Ulsan and delivered by the latter half of 2023.

For the three LPG carriers, two will be built by Hyundai Heavy Industries and one by affiliated shipbuilder Hyundai Samho Heavy Industries at its dockyard in South Jeolla, and delivered gradually by the first half of 2024.

"There are increasing inquiries for environmentally-friendly ships," a spokesperson from Korea Shipbuilding & Offshore Engineering, an intermediate holding company of Hyundai Heavy Industries Group, said.

The crude carrier to be built by Hyundai Samho Heavy Industries, for delivery by the second quarter of 2023, will be equipped with a scrubber, which reduces sulfur oxide emitted by ships even while using high-sulfur fuel oil.

BY KIM JEE-HEE [kim.jeehee@joongang.co.kr]