Hyundai's Shipbuilding Unit Lands Massive $1.46B Container Ship Deal

HD Hyundai just inked a jaw-dropping $1.456 billion contract with HMM to build eight ultra-large container ships. This is their biggest container order in nearly two decades—haven’t seen numbers like this since the 2007 shipbuilding boom.

Here’s what you need to know:

The specs: Each vessel is a behemoth at 337m long, 51m wide, with dual-fuel LNG engines and a 50% enlarged fuel tank for better efficiency. All eight ships will roll out by mid-2029, split between HHI (2 vessels) and HD Hyundai Samho (6 vessels).

The market move: HD Korea Shipbuilding stock jumped ~3% on the news, trading around 432,000 won.

Year-to-date hustle: HD KSOE has already secured 720,000 TEU across 69 vessels this year alone. That’s serious momentum.

Why it matters: This signals major confidence in HD Hyundai’s tech capabilities and green-shipping credentials. The expanded fuel tanks + LNG dual-fuel setup is their pitch for decarbonization in an industry under pressure to go cleaner. HMM’s willingness to commit nearly $1.5B shows the market’s betting on their execution.

The shipbuilding cycle is heating up again.