HD Hyundai Heavy Industries Signs 492.8 Billion Won FSRU Contract with Asian Shipping Company

HD Hyundai Heavy Industries (329180) announced on July 1st that it has signed a contract for the construction of a single FSRU vessel with an Asian-based shipping company, valued at 492.8 billion won. This represents approximately 2.8% of the company's recent revenue of 17.58 trillion won. The contract period spans from June 30, 2026, to May 31, 2029. Payments will be made based on construction progress. The agreement is expected to significantly strengthen HD Hyundai Heavy Industries' presence in the Asian market. As of 11:20 AM on July 1st, the company's stock closed at 595,000 won, up 0.51% from the previous day. In its 2025 December fiscal year results, HD Hyundai Heavy Industries reported revenue of 17.58 trillion won, operating profit of 2.375 trillion won, and net profit of 1.4155 trillion won. The company, listed on KOSPI on June 3, 2019, is a shipbuilding and boat manufacturing firm.