South Korea's top three shipbuilders—HD Korea Shipbuilding, Hanwha Ocean, and Samsung Heavy Industries—announced major contracts for gas carriers and ammonia vessels totaling around 1.5 trillion won ($1.1 billion) on May 4, 2026.
On May 4, 2026, South Korea's three leading shipbuilders—HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean, and Samsung Heavy Industries—secured contracts worth a combined 1.497 trillion won, approximately $1.1 billion. HD Korea Shipbuilding signed a deal with KSS Line for three very large gas carriers (VLGCs) valued at 504.8 billion won, with delivery by the second half of 2029. Hanwha Ocean won an order from an African shipowner for three very large ammonia carriers at 507.4 billion won, while Samsung Heavy Industries landed a 484.8 billion won contract from an Asian client for one LNG floating storage and regasification unit (LNG-FSRU).
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