Hyundai Samho clinches single LNG carrier order

Hyundai Samho Heavy Industries has won a contract to build one liquefied natural gas (LNG) carrier, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said that the deal has a price tag of about 260.2 billion won ($218.3 million).

HSHI will deliver the 174,000-cbm LNG carrier by August 2024 to an unidentified Asian shipowner.

KSOE did not reveal any additional information.

Brokers said that Hyundai Glovis could be behind this order backed by a Woodside charter.

This new order for HSHI follows a contract for two 174,000-cbm LNG carriers each worth about $223.5 million.

In total, KSOE and its units won orders for a total of 37 ships worth about $4.37 billion.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year. The shipbuilder secured in total $22.8 billion worth of orders during 2021.

Most Popular

CoolCo seeks long-term employment for two LNG carriers

In August, Coolco said it plans to employ its first newbuild LNG vessel, Kool Tiger, on a shorter deal...

BP, partners take FID on $7 billion Tangguh UCC project

BP said in a statement on Thursday the Tangguh Ubadari, CCUS, compression project (UCC) has the potential to unlock...

LNG Canada pipeline enters commercial service

Canada's TC Energy said on Tuesday CGL had executed a commercial agreement with LNG Canada and CGL customers that...

More News Like This

GTT scores new LNG tank gig

GTT received the order during the third quarter of 2024. Under the order, HD Hyundai Samho contracted GTT to design...

South Korea’s HD Hyundai Mipo to build LNG bunkering duo

HD Hyundai Mipo said on Thursday it will deliver these two vessels by November 2027. The vessels will have a...

Knutsen names new LNG carrier in South Korea

Norway’s Knutsen named one newbuild liquefied natural gas (LNG) carrier in South Korea. The naming ceremony for the 174,000-cbm LNG...

CMA CGM orders 12 LNG-powered containerships in South Korea

French shipping giant CMA CGM, one of the world’s largest backers of LNG as fuel, has ordered 12 LNG...