HD Hyundai Wins Order for Eight Container Ships, to Supply 13,000-TEU Vessels
HD Hyundai, a prominent player in the shipbuilding industry, has recently clinched a significant deal with HMM, South Korea’s largest container shipping company. The order, valued at approximately 2 trillion won and 1,000 won, underscores HD Hyundai’s prowess in delivering high-value-added vessels to meet the evolving demands of the maritime sector.
Construction Contract for LNG Dual-Fuel Container Ships
On the 20th, HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HDKSOE), an intermediate holding company of HD Hyundai, announced the signing of a construction contract with HMM for eight 13,000-TEU liquefied natural gas (LNG) dual-fuel container ships. These cutting-edge vessels, boasting a total contract value of around 1.9196 trillion won, are set to revolutionize the eco-friendly shipping landscape.
Key Features and Delivery Schedule
The state-of-the-art ships, measuring 337 meters in length, 51 meters in width, and 27.9 meters in height, will be equipped with dual-fuel engines capable of running on both LNG and conventional marine fuel. While two ships will be constructed at HD Hyundai Heavy Industries in Ulsan Metropolitan City, the remaining six will be built at HD Hyundai Samho Co., Ltd. in Yeongam. The delivery of these vessels to HMM is slated to occur progressively by 2029, showcasing a commitment to timely and efficient project execution.
Focus on Eco-Friendly Practices
In a strategic move towards sustainability, the ships will feature independent LNG fuel tanks sourced from HD Hyundai Eco Vina, the group’s dedicated eco-friendly tank manufacturing facility. By bolstering its value chain in the eco-friendly vessel sector, HD Hyundai is reinforcing its position as a frontrunner in promoting environmentally conscious practices within the maritime industry.
This significant contract not only highlights HMM’s dedication to expanding its eco-friendly fleet but also underscores HD Hyundai’s expertise in ship design and construction. With HMM’s investment for the year surpassing 6 trillion won, this collaboration marks a milestone in driving innovation and sustainability within the maritime domain.
As HD Hyundai looks ahead, the company aims to leverage this order to deepen its partnership with HMM and further enhance its capabilities in constructing vessels powered by diverse eco-friendly fuels like LNG and methanol. By capitalizing on its proven track record and customer trust, HD Hyundai is poised to secure more orders for high-value-added eco-friendly vessels, solidifying its market position and maximizing profitability in the years to come.
