HD KSOE wins $312M shipbuilding contract for ethane carrier duo

South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has bagged a KRW 458.8 billion (around $312 million) order from an undisclosed Asian shipping company to construct two very large ethane carriers (VLECs).

It is understood that the two ethane carriers are set to be built at the HD Hyundai Heavy Industries’ shipyard in Ulsan.

As informed, HD KSOE clinched the contract on February 28, 2025. According to the South Korean player’s stock exchange filing, the two newbuildings