HD Korea Shipbuilding Aims to Win $18 Bln Order in 2025 | Be Korea-savvy

HD Korea Shipbuilding Aims to Win $18 Bln Order in 2025


This undated file photo provided by HD Korea Shipbuilding & Offshore Engineering Co. shows a liquefied petroleum gas carrier. (Image courtesy of Yonhap)

This undated file photo provided by HD Korea Shipbuilding & Offshore Engineering Co. shows a liquefied petroleum gas carrier. (Image courtesy of Yonhap)

SEOUL, Jan. 3 (Korea Bizwire)HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Friday it aims to win over US$18 billion worth of orders this year, partly by focusing on high-end and environmentally friendly ships.

This year’s annual order target of $18.12 billion is 34 percent higher than last year’s target of $13.5 billion, but 12 percent lower than the amount actually secured last year at $20.56 billion, the company said in a regulatory filing.

HD KSOE is a subholding company under HD Hyundai, formerly known as Hyundai Heavy Industries Holdings.

HD KSOE has three affiliates — HD Hyundai Heavy Industries Co., HD Hyundai Mipo Dockyard and HD Hyundai Samho Heavy Industries Co.

By affiliate, HD Hyundai Heavy aims to win $9.75 billion worth of ship orders this year, with HD Hyundai Samho and HD Hyundai Mipo targeting $4.57 billion and $3.8 billion, respectively, the filing said.

(Yonhap) 

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