South Korea’s shipbuilding powerhouse, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), is making waves in the maritime industry with a massive $312 million contract to construct two cutting-edge Very Large Ethane Carriers (VLECs). This deal, secured from an undisclosed Asian shipping giant, underscores HD KSOE’s dominance in the global shipbuilding arena and its commitment to pioneering eco-friendly maritime solutions.
A New Chapter in Ethane Transport
The two VLECs, set to be built at HD Hyundai Heavy Industries’ state-of-the-art shipyard in Ulsan, South Korea, represent a significant leap forward in the transportation of ethane—a key feedstock for petrochemical production. These vessels are not just massive; they’re engineered to meet the growing demand for efficient, sustainable shipping solutions.
The contract, finalized on February 28, 2025, marks another milestone for HD KSOE, with delivery expected by the end of December 2028. But this isn’t just about moving ethane—it’s about redefining how the world thinks about maritime logistics in an era of climate consciousness.
HD KSOE’s Eco-Friendly Ambitions
HD KSOE isn’t stopping at ethane carriers. The company has been on a roll, securing a jaw-dropping $2.57 billion deal with French shipping giant CMA CGM earlier this year. The order? Twelve LNG-powered dual-fuel container vessels, each capable of carrying 18,000 TEUs (twenty-foot equivalent units). These “mega” ships, also slated for delivery by December 2028, are a testament to HD KSOE’s focus on reducing carbon emissions and embracing greener technologies.
With a strategic emphasis on eco-friendly and high-end vessels, HD KSOE is positioning itself as a leader in the race toward sustainable shipping. The company wrapped up 2024 with an impressive $20.56 billion in orders and has already secured $3.58 billion in contracts for 2025—nearly 20% of its ambitious $18 billion target for the year.
What’s Next for HD KSOE?
The future looks bright for HD KSOE, with a pipeline of high-profile projects on the horizon. Among them are two Very Large Ammonia Carriers (VLACs) commissioned by an undisclosed Oceania-based shipowner in October 2024. Valued at $250 million, these vessels are expected to join the owner’s fleet by September 2027, further cementing HD KSOE’s reputation as a go-to builder for next-generation ships.
As the maritime industry pivots toward sustainability, HD KSOE is leading the charge, proving that innovation and environmental responsibility can go hand in hand. With a track record of delivering on time and on budget, the company is poised to remain a key player in the global shipbuilding market for years to come.
