Business is booming.

Korean shipyards secure orders for eight ships from African operators

By Hauwa Ali

Korea Shipbuilding & Offshore Engineering (KSOE) says in a regulatory filing that it has taken orders for eight ships from two African ship operators.

Four of the vessels on order are 1,400-TEU container ships fueled by liquefied natural gas (LNG), with an option for a further two, with delivery in stages as from the first half of 2025.

These will be built by Hyundai Samho Heavy Industries, an affiliate company of KSOE.

The other four are petrochemical product tankers capable of carrying fuels such as petrol, diesel oil and kerosene.

The 50,000-ton petrochemical carriers, to be built by Hyundai Vietnam Shipbuilding, a unit of Hyundai Mipo Dockyard, will be delivered during the second half of 2025.

The names of the two ship operators who placed the orders was not disclosed.

KSOE, is the holding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, formerly Hyundai Heavy Industries Holdings. It has three major affiliates — Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries

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