HD Hyundai yards to build HMM’s LNG-powered containerships for $1.46 billion

HD KSOE announced these orders on Monday.

Under the first order, HD Hyundai Samho will build six LNG dual-fuel container vessels, each with a capacity of 13,400 teu.

These vessels are scheduled for delivery by April 2029.

HMM will pay approximately 1.6 trillion won ($1.09 billion) to HD Hyundai Samho for this order.

Under the second order, HD Hyundai Heavy will build two LNG dual-fuel container vessels of the same size.

These vessels are scheduled for delivery by July 2028.

The HD Hyundai Heavy vessels are worth 534.6 billion won ($364 million).

Last month, HMM said it had decided to place orders for 12 LNG dual-fuel container vessels and two very large crude carriers.

According to HMM, the total investment is worth $2.82 billion, or 4.3 trillion won, and it expects to complete the project by April 2029.

The firm said that the LNG dual-fuel container vessels will each have a capacity of 13,000 teu, but it did not provide further details.

Before this, LNG Prime reported, citing shipbuilding sources and brokers, that HMM has selected compatriot shipbuilders HD Hyundai Heavy and Hanwha Ocean to build 12 LNG dual-fuel container vessels.

In August, this publication reported that HMM launched a tender for six firm plus six optional LNG dual-fuel container ships.