Korea Shipbuilding wins W227b in orders for 3 ships

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has obtained a combined 227 billion won ($202 million) worth of orders to build three liquefied petroleum gas (LPG) carriers.

Under the deal with an Asian company, Hyundai Samho Heavy Industries Co., a unit of KSOE, will deliver two 86,000-cubic meter LPG carriers starting in the first half of 2023, KSOE said.

Another deal with an Oceanian company calls for Hyundai Mipo Dockyard Co., another KSOE unit, to deliver a 40,000-cubic meter LPG carrier by the second half of 2023.

KSOE has bagged orders for 62 percent of LPG carriers ordered globally this year, the company said. (Yonhap)