South Korea’s Samsung Heavy to build one LNG carrier for $252 million

Samsung Heavy announced on Wednesday that it will build the new LNG vessel for an unidentified owner in Bermuda.

The order is valued at 381.4 billion won, or approximately $252 million.

Samsung Heavy will deliver the LNG carrier by October 2028.

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

Shipbuilding sources said this order is tied to interests associated with JP Morgan.

JP Morgan was also tied to two LNG carriers at Samsung Heavy in January this year.

In addition to the LNG carrier order, Samsung Heavy Industries announced two separate orders from an unidentified owner in Bermuda for two very large gas carriers (VLGCs) and two crude oil tankers.

Growing orderbook

Including these new orders, Samsung Heavy has secured $5.4 billion in orders for 27 vessels this year.

This includes orders for 12 LNG carriers and one FSRU.

Prior to this order, Stonepeak’s Seapeak ordered three LNG carriers from Samsung Heavy.

Samsung Heavy also won an order for two LNG carriers from Greece’s TMS Cardiff Gas, three LNG carriers from Denmark’s Celsius Tankers, a unit of Celsius Shipping, one LNG carrier for London-based Purus Marine, and one LNG FSRU from Malaysia’s MISC.

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