A container carrier built by Hyundai Samho Heavy Industries, a KSOE affiliate / Courtesy of Korea Shipbuilding & Offshore Engineering (KSOE)

Korea Shipbuilding & Offshore Engineering (KSOE) said Wednesday it has signed a 923.3 billion won ($736 million) contract with a European shipping company to build six container carriers.

Under the deal, Hyundai Samho Heavy Industries, a KSOE affiliate, will construct the 8,000 twenty-foot equivalent unit (TEU) container ships and deliver them to the undisclosed shipper by the second half of 2025.

KSOE has clinched orders to build 105 vessels worth $12.9 billion so far this year, achieving 74 percent of its yearly order target of $17.44 billion

The sub-holding company of global shipbuilding titan Hyundai Heavy Industries Holdings, has three shipbuilding affiliates ― Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries. (Yonhap)