Hyundai said in a statement on March 31 that each ordered ship costs about $46.2 million. The company has not disclosed the name of the African contractor.
Hyundai said it has previously won an order to supply 24 medium-sized LPG ships. The vessels are mainly used to carry LPG and ammonia. Ammonia, produced through a chemical reaction between hydrogen and nitrogen, is considered an important part of a sustainable ecosystem.
Korea Shipbuilding & Offshore Engineering (KSOE), the holding company of HD Hyundai also grabbed a total of 49 orders worth $6.51 billion in 2023. KSOE's spokesperson told Aju Korea Daily earlier this month that the company will supply gas tanker ships to Arab Maritime Petroleum Transport (AMPTC), a Middle Eastern transportation company.
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