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The Korea Shipbuilding & Offshore Engineering Co. clinched a 100 billion won order to build two 40,000-cubic-meter liquefied petroleum gas (LPG) carriers from a Liberian company.
The carriers will be built by Hyundai Mipo Dockyard Co., a unit of Korea Shipbuilding, and delivered from the second half of 2022.
An additional order of the same-sized LPG carrier is under negotiation.
The new order brings Korea Shipbuilding's total orders for LPG carriers to 17 since 2019, taking a global market share of about 95 percent.
Korea Shipbuilding also received orders with a combined value of 986 billion won to build 10 very large crude-oil carriers (VLCCs).
Seven of those VLCCs will be built by its unit Hyundai Heavy Industries Co., while its Hyundai Samho Heavy Industries Co. unit will construct the remaining three VLCCs.
