Ray Car Carriers is being linked to a KRW 356.3bn ($268m) order for two pure car/truck carrier newbuildings at HD Korea Shipbuilding & Offshore Engineering (HD KSOE).

The South Korean shipbuilding group announced on Wednesday a newbuilding contract for two car carriers from a shipper in the Middle East, without naming the company behind the deal.

HD KSOE said Ulsan-based Hyundai Mipo Dockyard will undertake the construction and the duo is scheduled to be delivered by May 2028.