SIMIC

KSOE is the world's biggest shipbuilder by order backlog and has three affiliates - Hyundai Heavy Industries Co, Hyundai Mipo Dockyard Co and Hyundai Samho Heavy Industries Co - under its wing, reports Yonhap News Agency.

The order target is up 19 per cent from the KSOE's target of $14.9 billion last year, the company said in a regulatory filing.

Meanwhile, KSOE announced that it has it has received KWR1.67 trillion (US$1.39 billion) worth of ship orders.

The company said in a statement that it had obtained an order from a Europe-based shipper to build six 15,000 TEU liquefied natural gas-powered container ships, to be gradually delivered to the client from the first half of 2024.

The company has also received an order to build one LNG carrier for an Asian shipper, scheduled to be delivered in the second half of 2024.

It will also build three feeder container ships for an Oceanian client, with the delivery set in the second half of 2023.

The company didn't provide the value for the separate deals.