# HD Korea Shipbuilding Pre-Books 75% Q3 Labor Costs

> HD Korea Shipbuilding pre-books 75% of Q3 labor costs, boosting Q4 profit by 17%.
- Title: HD Korea Shipbuilding Pre-Books 75% Q3 Labor Costs | Shortify
- Summary: HD Korea Shipbuilding pre-books 75% of Q3 labor costs, boosting Q4 profit by 17%. HD Korea Shipbuilding pre-booked 75% of Q3 wage-negotiation costs, lifting…
- Keywords: hd korea shipbuilding, q3 labor costs, q4 profit, us shipyard, military support vessels, lpg carriers, newbuild orders, finance, markets, Korea, Shipbuilding, Pre-Books
- Source: BigGo Finance — https://finance.biggo.com/news/c765a8ec-1a99-4828-8f95-c112abdf7aa9
- Author: BigGo Finance
- Published: 2026-10-28T20:55:31+00:00
- Read time: 1 min
- Topics: hd korea shipbuilding, q3 labor costs, q4 profit, us shipyard, military support vessels, lpg carriers, newbuild orders, finance, markets
## Q3 Labor Costs Pre-Booked
HD Korea Shipbuilding pre-booked 75% of Q3 wage-negotiation costs.

> 75% of the costs that could additionally arise from this year's wage negotiations in the third quarter
## Q4 Profit Forecast
Q4 operating profit expected at 1.6876 trillion won (17% increase from Q3).

> 1.6876 trillion won (approximately $1.3 billion), up 16.6% from the previous quarter's 1.4472 trillion won
## U.S. Shipyard Project
HD Korea Shipbuilding to build U.S. shipyard by year-end with Kiewit.

> HD Hyundai signed a contract with Kiewit, the largest U.S. construction, engineering and infrastructure company
## Military Vessel Orders
Shipyard targets military support vessels for U.S. Navy contracts.

> The shipyard is expected to serve as a base for building military support vessels such as console tankers (tankers for at-sea military logistics resupply) and ro-ro ships
## Newbuild Orders Forecast
2024 newbuild orders expected at 190 million GT, down 30% in 2025.

> expected newbuild orders this year total about 190 million GT, a level that would break the 2007 record
## LNG Carrier Market
Chinese shipyards won 32 LNG carriers this year; South Korea competitive.

> Chinese shipyards won about 32 LNG carriers this year
## Q4 Profit Drivers
Easing labor costs and U.S. shipyard boost Q4 profit outlook.

> the shipbuilding boom can continue next year, along with two factors, easing wage-negotiation cost burdens and the building of a U.S. production base
## Q4 Order Performance
176 vessels worth $19.1 billion won through Q3, exceeding annual target.

> won a total of 176 vessels worth $19.1 billion (about 25.6 trillion won) through the third quarter
## Q4 Outlook
Q4 profit up 17% with military vessel orders and U.S. shipyard progress.

> Q4 profit seen up 17% with military vessel orders and U.S. shipyard progress
## Key takeaway

HD Korea Shipbuilding pre-booked 75% of Q3 wage-negotiation costs, lifting Q4 profit expectations by 17%.