Korea Shipbuilding achieves annual order target of $14.9b

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday that it has attained its annual order target by winning a 457.1 billion-won ($398.4 million) order for two LNG carriers.

With the deal with an Asian company, KSOE has clinched orders valued at $15.2 billion in total so far this year, surpassing its annual order target of $14.9 billion ifor the year, the company said.      

Hyundai Heavy Industries Co., a unit of KSOE, will build and deliver the vessels by the end of 2024, KSOE said in a regulatory.

"KSOE will push ahead with a strategy to win more orders focusing on profits this year," said Park Joon-su, a spokesman at Korea Shipbuilding & Offshore Engineering Co. (Yonhap)