Asia/Pacific News
HD Hyundai Wins Contract to Build Four LNG Carriers
South Korea’s HD Korea Shipbuilding & Offshore Engineering, holding company of HD Hyundai, announced today a contract with an unnamed Oceania-based shipping firm to build four LNG carriers.
The shipbuilding contract is worth KRW 515.4 billion ($373.6 million), the firm said in an emailed update today.
The deliveries are scheduled for the first half of 2030.
The latest contract brings HD Korea Shipbuilding & Offshore Engineering’s order intake for the year to 162 vessels worth $18.08 billion, equivalent to 77.6% of its provisional annual target of $23.31 billion.
The company’s orderbook so far this year includes 17 LNG carriers, 30 container ships, 50 LPG/ammonia carriers, 11 crude oil tankers and 50 product tankers, along with two pure car and truck carriers (PCTCs), one icebreaker and one floating storage and regasification unit (FSRU).
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| APAC Average | 1029.50 | 32.00 | 1478.50 | 13.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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