HD Korea Shipbuilding & Offshore Engineering is eating quickly into its 2024 order target of $13.5bn after its fifth newbuilding contract of the year.

The South Korean group disclosed that its latest deal covers two 88,000-cbm VLGCs worth KRW 310bn ($235m) or close to $118m per ship.

It means, that less than one month into the new year, the shipbuilder has secured 17.7%