AsiaContracts and TendersVessels

Hyundai Heavy to build four LNG carriers

By LNG Prime Staff
Hyundai Heavy to build four LNG carriers
Image: Hyundai Heavy Industries

South Korea’s shipbuilder Hyundai Heavy Industries will build four LNG carriers for an unidentified owner as part of a contract revealed on Tuesday.

HHI said in a filing to the stock exchange the deal has a price tag of about 887.6 billion won ($802 million).

Furthermore, the shipbuilder said it would deliver the LNG carriers to an owner based in Oceania by March 2024.

HHI did not reveal any additional information.

The yard’s previous order for three 174,000-cbm LNG carriers with Hyundai LNG Shipping had a price tag of about $191 million per vessel.

This means the four new carriers could be much larger and have a capacity of up to 200,000 cbm.

Brokers reported after this announcement that Greece’s Dynagas is behind the order.

HHI would build four 200,000-cbm LNG carriers for delivery in 2023 and 2024, according to brokers.

Most Popular

LNG Terminals

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.
LNG Terminals

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.
LNG Terminals

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.

More News Like This

Vessels

HD Hyundai Heavy kicks off work on Gdansk FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building MOL's floating storage and regasification unit (FSRU), which will serve Gaz-System's Gdansk LNG project in Poland.
Vessels

Excelerate’s FSRU launched in South Korea

South Korean shipbuilder HD Hyundai Heavy Industries has launched Excelerate Energy’s new floating storage and regasification unit (FSRU).
Vessels

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.
LNG as Fuel

HD Hyundai Heavy tests BOG system on LNG-powered containership under construction

South Korean shipbuilder HD Hyundai Heavy has completed a test to verify the onshore recycling of boil-off gas (BOG) from an LNG dual-fuel container vessel currently under construction.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA