This photo provided Tuesday by Korea Shipbuilding & Offshore Engineering Co. (KSOE) shows an LPG transporter built by the KSOE Hyundai Heavy Industries Co. (Korea Shipbuilding & Offshore Engineering Co.) unit.

The Korea Shipbuilding & Offshore Engineering Co. (KSOE) said on Tuesday it had a total of 1.36 trillion won ($ 1.2 billion) in orders from five customers for the construction of 12 ships.

Under a deal with a Pacific Island company, four liquefied natural gas (LNG) carriers and one 40,000 cubic meter liquefied petroleum gas (LPG) carrier will be delivered by the first half of 2024, KSOE said in a press release sent by email.

Another deal with an African company calls for KSOE to deliver four 50,000-ton petrochemical carriers by the second half of 2023.

KSOE also won an order for a 30,000 cubic meter LNG carrier from a European company.

But KSOE did not disclose where the company that placed an order for two 86,000 cubic meter LPG carriers came from, citing the terms of the deal.

At the end of May, new global ship orders amounted to 17.95 million compensated gross tons (CGT), or 83% of the 21.50 million CGT ordered worldwide last year, a the company said, citing data from the global market research Clarkson Research Service. (Yonhap)

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