HD KSOE seals $525.4 million deal to build oil tanker quartet

Hyundai Samho Heavy Industries, one of HD KSOE’s three shipbuilding divisions, will build the vessels. The value of the contract is KRW 688 billion ($525.4 million).

The oil tankers are scheduled for delivery by mid-December 2027, HD KSOE revealed in its stock exchange filling.

Since the beginning of this year, the South Korean shipbuilder scored orders to build 69 vessels worth $8.38 billion. This represents 62 percent of its yearly target of $13.5 billion.

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