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HD Korea Shipbuilding Develops High-Pressure Pump for LNG Fuel Supply; Shares Decline 3%

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HD Korea Shipbuilding & Offshore Engineering (KRX:009540) independently developed a high-pressure pump for liquefied natural gas (LNG) fuel supply, through collaboration with domestic small and medium-sized enterprises, the shipbuilder said Monday.

SMEs Fritek and Sungmoon participated in manufacturing and packaging. HD Korea Shipbuilding officially validated the product's performance and safety, and has secured supply contracts for about 70 vessels for the same, the release said.

Shares of HD Korea Shipbuilding fell over 3% in recent trade.

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