HD Korea Shipbuilding Secures $373.5 Million Order for Four LPG Carriers

of $23.31 billion (approximately ₩32.2 trillion). Around $5.2 billion (approximately ₩7.2 trillion) in further orders is needed by year-end to meet the target. The company's order book spans 17 LNG carriers, 30 container ships, 50 LPG/ammonia/liquefied CO₂ carriers, 11 crude oil tankers, 50 product carriers, 2 PCTCs and 2 other vessels including icebreakers and FSRUs. HD Hyundai Group's total order backlog reached ₩111.44 trillion (approximately $80.7 billion) as of end-June, surpassing ₩110 trillion for the first time and up 23.2% from ₩90.45 trillion a year earlier. Shipbuilding and offshore accounted for ₩98.81 trillion of that total, while HD Hyundai Electric's backlog rose 41.3% to ₩12.31 trillion on strong transformer demand. HD Hyundai's first-half operating profit reached ₩4.12 trillion, more than 3.5 times higher year-on-year, with revenue up 30.2% to ₩22.41 trillion. Analysts project full-year operating profit of ₩12.39 trillion, which would be a record for the company, though rising competition from Singaporean and Chinese shipyards remains a challenge.