Korea Shipbuilding & Offshore Engineering (KSOE) says it has sealed orders for containerships, LPG carriers and a product carrier worth KRW 582bn ($525m).

The Hyundai Heavy Industries Holdings unit, which controls shipyards within the group, did not disclose the identity of the companies behind the newbuilding contracts.

But it said the orders comprised four containerships, two LPG carriers and an MR product tanker.