Hyundai Heavy to build LNG carrier trio worth about $702 million

South Korean shipbuilder Hyundai Heavy Industries has won a contract to build three liquefied natural gas (LNG) carriers worth about $702 million.

Parent KSOE said on Thursday HHI would build the 200,000-cbm LNG carriers for an unidentified owner in Europe and deliver them in the second half of 2025.

According to KSOE, the contract has a price tag of 847.3 billion won ($702) million.

The LNG carriers would be 299.8 meters long and 48.9 meters wide.

Dynagas behind the order?

One shipbuilding source told LNG Prime that Greece’s Dynagas was behind this order for three LNG carriers.

We could not confirm this by the time this article was published.

Dynagas also ordered four 200,000-cbm LNG carriers at HHI last year.

Besides this contract, KSOE said it has also received an order for six 8,000-TEU container vessels from an unidentified owner in Latin America.

HHI would build these ships as well and deliver them to the owner in the second half of 2024, KSOE said.

The total value for the nine vessels reaches 1.56 trillion won ($1.29 billion).

KSOE and its units won orders for 54 ships worth about $6.14 billion this year.

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

Most Popular

Colombia’s Ecopetrol ditches LNG import tenders

Colombia’s state-owned energy firm Ecopetrol has rejected five-year liquefied natural gas (LNG) supply offers, saying that the minimum commercial conditions were not met.

Petrovietnam units plan new LNG-to-power project

PV Power and PV Gas, units of state-owned Petrovietnam, signed cooperation agreements to secure gas supplies for power plants in southwestern Vietnam and explore developing an integrated liquefied natural gas (LNG) project in the northern port city of Hai Phong.

Poland’s Gaz-System moves forward with Gdansk LNG jetty work

Poland’s state-owned LNG terminal operator, Gaz-System, is advancing construction of the jetty which will host the first floating storage and regasification unit (FSRU) for its LNG import project in Gdansk.

More News Like This

HD Hyundai yards to build more LNG-powered containerships for HMM

South Korean shipping firm HMM has ordered six LNG dual-fuel container vessels at two HD Hyundai yards.

CLdN orders LNG-powered duo in South Korea

Luxembourg-based CLdN has ordered two new LNG dual-fuel RoRo vessels from South Korea's HD Hyundai Heavy Industries.

HD Hyundai Heavy secures DNV OK for LNG bunkering vessel

South Korean shipbuilder HD Hyundai Heavy Industries has secured approval in principle from classification society DNV for a new 12,000-cbm LNG bunkering vessel design.

HD Hyundai Heavy gets DNV OK for giant LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has secured approval in principle from classification society DNV for its new 271,000-cbm LNG carrier design.