HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. Subsidiary HD Hyundai Heavy Industries wins KRW 625.8 billion order for 4 VLGCs
HAI summary · Not investment advice
Subsidiary HD HYUNDAI HEAVY INDUSTRIES CO.,LTD. won a KRW 625.8 billion order for 4 VLGCs from a Middle East shipowner, equal to 3.56% of its recent revenue.
Contract amount
KRW 625.8 billion
Subsidiary HD Hyundai Heavy Industries · 3.56% of recent revenue · converted at USD 1 = KRW 1,340.50
Key facts
- Contract details
- 4 very large gas carriers (VLGC)Construction order
- Subsidiary
- HD HYUNDAI HEAVY INDUSTRIES CO.,LTD.
- Recent revenue
- KRW 17.6 trillionSubsidiary, 2025 consolidated
- % of revenue
- 3.56%
- Counterparty
- A Middle East-based shipowner
- Supply region
- Middle East
- Contract period
- Oct 14, 2026 – Jun 30, 2030
- Contract date
- Oct 14, 2026
- Payment terms
- Paid as construction progressesAdvance payment included
Commentary
AI commentary · Not investment advice
What happened
HD HYUNDAI HEAVY INDUSTRIES, a subsidiary of HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING, won an order for 4 VLGCs from a shipowner based in the Middle East. A VLGC is a very large carrier that transports liquefied petroleum gas. The contract is worth KRW 625.8 billion, converted from US dollars at the contract-date rate of USD 1 = KRW 1,340.50. The ships are due by June 30, 2030. Payment comes in stages as construction progresses.
In the company's terms
The amount equals 3.56% of the subsidiary's recent revenue (KRW 17.6 trillion, 2025 consolidated).
Earlier Single Sales/Supply Contract filings from this company
| Filed | Counterparty | Contract amount | % of revenue |
|---|---|---|---|
| 26.10.202026.10.20 | Shipping company based in Africa | KRW 322.8 billion | 3.57% |
| 26.10.202026.10.20 | HMM CO.,LTD | KRW 1.4 trillion | 17.84% |
| 26.08.242026.08.24 | A Mexico-based oil development company | KRW 2.0 trillion | 21.72% |
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