HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has won a 414.5 billion-won (US$311 million) order to build five container vessels for a European shipper, according to Yonhap.
Hyundai Mipo Dockyard Co., one of HD Korea Shipbuilding's three affiliates, will build the vessels in its shipyard in the southeastern port of Ulsan, HD Korea Shipbuilding said in a regulatory filing.
The product carriers will be delivered to the undisclosed shipping company by June 2026.
So far this year, HD Korea Shipbuilding has clinched $10.28 billion worth of orders to build 84 ships, or 65.3 percent of its yearly order target of $15.74 billion.
HD Korea Shipbuilding, a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has three units under its wing -- Hyundai Heavy Industries Co., Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries Co.