South Korea’s KSOE reveals orders for 8 LNG-powered vessels

Korea Shipbuilding & Offshore Engineering has revealed new orders for LNG-powered vessels, including six containerships and two pure car and truck carriers.

The orders are worth about 1.28 trillion won ($1.04 billion), according to a statement by KSOE issued on Friday.

Under the first order, KSOE’s unit Hyundai Heavy industries will build six LNG dual-fuel containerships with a capacity of 7,900 TEU and deliver them to an owner based in Liberia in the first half of 2025.

The containerships will have 272 meters in length, 42.8 meters in width, and 24.8 meters in height.

This order has a price tag of about 989.5 billion won ($805 million).

One shipbuilding source told LNG Prime that this order could be connected to Switzerland’s shipping giant MSC. The firm is building a fleet of LNG-powered vessels.

As per the order for LNG dual-fuel PCTS, KSOE’s unit Hyundai Samho will build these vessels for an owner based in the Middle East.

HSHI would deliver these ships in the first half of 2025 as well, KSOE said.

The car carriers will be 200 meters long, 38 meters wide, and 37 meters high.

These two LNG-powered PCTCs are worth about 294.1 billion won ($239 million).

Brokers said that Ray Car Carriers is behind this order.

KSOE and its units won orders for 80 ships worth about $8.23 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

Cheniere’s Corpus Christi Trains 8 and 9 project more than 50 percent complete

Cheniere's Corpus Christi Midscale Trains 8 and 9 project in Texas is more than 50 percent complete, according to the latest construction update.

Daniel Kalms leaves Woodside

Woodside's executive vice president and chief operating officer international, Daniel Kalms, is leaving the Australian LNG player.

DNV says LNG bunkering fleet may need to more than double by 2030

The global LNG bunkering vessel fleet may need to more than double by 2030 as demand from LNG-fueled ships grows faster than the infrastructure required to supply them, according to classification society DNV.

More News Like This

Tsakos books LNG carrier at HD Hyundai Heavy

Greek shipowner Tsakos Energy Navigation (TEN) has ordered one liquefied natural gas (LNG) carrier from South Korean shipbuilder HD Hyundai Heavy Industries.

Indonesia’s AKRA forms FSRU JV with BW

Indonesian petroleum and chemicals logistics company AKR Corporindo (AKRA) has formed a joint venture with a unit of Singapore-based gas shipping giant BW to develop an FSRU-based LNG project in Indonesia.

HD Hyundai Heavy to build FSRU, LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has won contracts worth approximately $574 million to build one floating storage and regasification unit (FSRU) and one liquefied natural gas (LNG) carrier.

HD KSOE develops fuel pump for LNG-powered vessels

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) said it had developed a domestically produced high-pressure fuel pump for liquefied natural gas (LNG)-powered vessels.