▲ This photo provided by Korea Shipbuilding & Offshore Engineering Co. on May 17, 2022, shows a liquefied natural gas carrier built by its affiliate Hyundai Heavy Industries Co. (PHOTO NOT FOR SALE) (Yonhap)

KSOE-order

Shipbuilder KSOE bags 1.17 tln-won order for 4 LNG carriers

SEOUL, May 17 (Yonhap) -- South Korean shipyard Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has won a 1.17 trillion-won (US$910 million) order to build four liquefied natural gas (LNG) carriers.

Under the deal with an undisclosed Asian shipper, two KSOE affiliates -- Hyundai Heavy Industries Co. and Hyundai Samho Heavy Industries Co. -- will construct two 174,000-cubic-meter vessels each and deliver them from the first half of 2025.

KSOE has clinched orders to build 95 ships worth $11.18 billion so far this year, or 64.1 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, Hyundai Mipo Dockyard Co. and Hyundai Samho Heavy Industries -- under its wing.

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