South Korea’s Samsung Heavy bags new order for LNG carrier duo

Samsung Heavy announced on Thursday that it will build the new LNG vessels for an unidentified owner in Oceania.

The order is valued at 750.5 billion won ($506 million), or approximately $253 million per vessel.

Samsung Heavy will deliver the LNG carriers by June 2029.

The shipbuilder did not provide further details regarding the new contract.

Sources told LNG Prime that Greece’s TMS Cardiff Gas is likely behind this order.

In August last year, TMS Cardiff Gas booked four LNG carriers at Samsung Heavy.

TMS Cardiff Gas recently welcomed one new 174,000-cbm LNG carrier, Spirit LNG, built by Samsung Heavy, to its fleet.

Growing orderbook

Including this order, Samsung Heavy has secured $3.9 billion in orders for 19 vessels this year.

Before this order, Malaysia’s MISC ordered one LNG FSRU worth approximately $329 million from Samsung Heavy.

Moreover, Samsung won orders for eight LNG carriers this year.

In January this year, Samsung Heavy won an order for two LNG carriers tied to interests associated with JP Morgan.

In March, Samsung Heavy announced that it will build one LNG carrier for an Oceania-based owner and deliver it by April 2029.

This $252 million order is tied to Purus Marine, which also ordered two LNG carriers in December last year.

Samsung Heavy Industries also secured two orders for a total of three LNG carriers from Denmark’s Celsius Tankers, a unit of Celsius Shipping.

Last year, Samsung Heavy secured orders for 11 LNG carriers.