Seoul: HD Korea Shipbuilding and Offshore Engineering Co. (KSOE) announced on Wednesday that it has acquired orders totaling 885 billion won (US$570.7 million) to construct one gas carrier and one floating storage regasification unit (FSRU).

According to Yonhap News Agency, the FSRU is priced at 492.8 billion won, while the liquefied natural gas (LNG) carrier is valued at 392.2 billion won. An FSRU is a specialized vessel designed to store LNG and convert it back into natural gas at sea, which is then supplied to onshore facilities.

The company stated that both vessels are to be constructed by HD Hyundai Heavy Industries Co. and are scheduled for delivery to their respective clients by the first half of 2029. This procurement brings HD KSOE's total orders for the year to US$15.72 billion, fulfilling 67.4 percent of its annual order target.