Hyundai's Shipbuilding Arm Bags $1.46B Mega Order — Biggest in 18 Years

Hyundai Heavy Industries just landed a chunky $1.456 billion contract to build 8 ultra-large container ships for HMM. This is no small feat — it’s the largest container ship order for the South Korean giant since 2007, when the shipbuilding boom was in full swing.

The specs are wild: These 13,400-TEU beasts are 337 meters long, with dual-fuel LNG engines and 50% bigger fuel tanks to maximize efficiency. Two ships will come from HHI, six from HD Hyundai Samho, with deliveries rolling out through mid-2029.

On the market, HD Korea’s stock is already up 3%, trading at 432,000 won. The firm’s been on a roll this year — they’ve already racked up 720,000 TEU across 69 container ships. That’s the kind of order flow that gets investors’ attention.

The company’s betting hard on eco-friendly, high-efficiency vessels to lead the shipping industry’s decarbonization push. Translation: greener ships = future market demand.