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Korea Shipbuilding & Offshore Engineering Co. said Wednesday that it had received a 570 billion won ($514 million) order from a European company.

Under the agreement to build six 45,700-ton ConRo vessels, Hyundai Mipo Dockyard Co. will launch from the first half of 2023, said Korea Shipbuilding.

The ConRo vessel refers to a combined truck carrier and a container carrier.

Hyundai Mipo Dockyard has been leading the global ConRo ship market, constructing 19 ConRo ships, or 40%, out of 48 ConRo ships constructed across the globe since 2010.

Korea Shipbuilding, a division of Hyundai Heavy Industries Holdings Co., has three shipbuilders under its wing—Hyundai Heavy Industries Co., Hyundai Samho Heavy Industries Co. and Hyundai Mipo Dockyard Co.

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