HD Korea Shipbuilding & Offshore Engineering said on Tuesday that its unit HD Hyundai Heavy Industries will build the four LNG tankers for an owner in the Americas.
Hyundai Heavy will deliver the vessels by March 2029.
Moreover, each of the vessels will have a capacity of 200,000 cbm, measuring 294.8 meters in length, 48.9 meters in width, and 26.7 meters in height.
The order is valued at approximately 1.5 trillion won ($1.04 billion), or $260 million per vessel.
HD KSOE did not reveal any additional information regarding the new order.
This is HD KSOE’s first order in 2026.
The group set a target of $23.31 billion for this year.
Sources said the order is most likely from Japan’s NYK and KKR-backed Ocean Yield.
Last month, Ocean Yield announced that it had agreed to co-invest alongside NYK in four LNG carriers, which will be built in South Korea.
Ocean Yield said the vessels are scheduled for delivery in 2028 and 2029.
Upon delivery, each vessel will commence long-term time charters to an “investment grade-rated major energy company,” Ocean Yield said, but it did not reveal the name of the charterer.
In addition, the charterer is also granted options that may increase the size of the investment to eight vessels, Ocean Yield said.
Several reports have suggested that the charterer is US LNG exporter Cheniere.
