▲ This photo provided by Korea Shipbuilding & Offshore Engineering Co. on April 26, 2022, shows a liquefied natural gas carrier built by Hyundai Samho Heavy Industries Co., one of its three affiliates. (PHOTO NOT FOR SALE) (Yonhap)

KSOE-order

Shipyard KSOE wins 278 bln-won order for LNG carrier

SEOUL, April 26 (Yonhap) -- South Korean shipyard Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has clinched a 278.2 billion-won (US$223 million) order to build a liquefied natural gas (LNG) carrier.

Under the deal with an undisclosed European shipper, Hyundai Samho Heavy Industries Co., a KSOE affiliate, will construct the 174,000-cubic-meter vessel and deliver it during the second half of 2025.

KSOE has obtained orders to construct 87 ships worth $10.08 billion so far this year, or 57.8 percent of its $17.44 billion yearly target.

KSOE is a subholding company of global shipbuilding titan Hyundai Heavy Industries Holdings. KSOE has three shipbuilding affiliates -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries.

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