Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS AGENCY) = HD Hyundai Marine Solution has secured a stable revenue base by signing the largest long-term maintenance contract in its history.

On the 29th, HD Hyundai Marine Solution announced that it had signed a $60 million Long Term Service Agreement (LTSA) with a European shipping company. This marks the highest value for a single transaction in the company's history.

Under the terms of the contract, HD Hyundai Marine Solution will supply parts and equipment and provide dedicated engineering maintenance services for 38 vessels in the shipping company's fleet until 2029.

A representative from HD Hyundai Marine Solution stated,"With the expected stable growth of the AM market due to the increase in shipping volumes, we will maintain our status as a global leading company through optimal service and quality."

By Eun-young Huh(eunyoung114@nspna.com) and Jeonghwa Choi(choijh@nspna.com)

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