Expansion plans laid out for HD Hyundai Vietnam Shipbuilding

HD Hyundai Vietnam Shipbuilding, a subsidiary of Hyundai Heavy, is set to increase its shipbuilding capacity from 12 to 15 ships per year, with plans to potentially expand to 23 ships by 2030. As the largest shipyard in Vietnam, the company has seen a surge in orders due to high newbuild prices and limited capacity in established Asian shipbuilding nations. Hyundai Heavy has made significant expansions across its facilities, including acquiring a block manufacturer and reopening a yard in Gunsan, to meet the increasing demand for container and LNG vessels.

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