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South Korea·United States·Sweden·Trade & Economy

HD Hyundai Heavy secures $774 million in power equipment and icebreaker orders

Wednesday, 22 April 2026, 06:48 · 1 min read

South Korean shipbuilder HD Hyundai Heavy Industries announced on Wednesday two major contracts totalling roughly $774 million: a $424 million deal to supply 684-megawatt power generation systems — based on its HiMSEN engine technology — to Aperion Energy Group for a U.S. data centre, marking the company's largest-ever power equipment order and its first in the American market, and a separate $350 million contract to construct an icebreaker for the Swedish Maritime Administration (the agency overseeing Sweden's maritime safety and infrastructure), beating out Finnish and Norwegian rivals in what is the first dedicated icebreaker export by a South Korean shipbuilder. The dual announcements signal HD Hyundai's ambitions beyond traditional shipbuilding, as global demand grows for both reliable data centre power infrastructure and Arctic-capable vessels, with the United States alone having approved $9 billion in icebreaker-related funding last year.

Sources
YonhapHD Hyundai Heavy wins $350 mln icebreaker order from Sweden ↗︎YonhapHD Hyundai Heavy wins 627 bln-won power equipment order in U.S. ↗︎
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