Seoul: HD Korea Shipbuilding and Offshore Engineering (KSOE) Co. announced that it has secured a 505 billion-won (US$ 343 million) contract to construct three gas tankers. The agreement marks a significant milestone for the company, which is a subholding of shipbuilding leader HD Hyundai Co. The very large gas carriers (VLGCs) are scheduled for delivery by the end of the second half of 2029 to an undisclosed client.

According to Yonhap News Agency, the latest contract contributes to HD KSOE's total deals valued at US$9.35 billion for the construction of 86 ships in the current year. This achievement represents 40 percent of the company's annual order target. The company's order backlog for 2026 comprises 12 liquefied natural gas (LNG) carriers, 20 container vessels, and 18 ammonia carriers.