Hyundai Samho to build one LNG carrier for about $225 million

Hyundai Samho Heavy Industries continues to win orders for LNG carriers and has secured a contract to build one vessel, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said on Thursday that the deal has a price tag of about 278.3 billion won ($225 million).

HSHI will deliver the LNG carrier by December 2025 to an unidentified European shipowner.

KSOE did not reveal any additional information regarding the LNG carrier which probably has a capacity of 174,000 cbm.

One shipbuilding source told LNG Prime on Thursday that Norway’s Knutsen is behind the order for this newbuild.

The vessel would feature MAN’s ME-GA engine and GTT’s Mark III Flex containment system, the source said.

Knutsen recently also ordered two 174,000-cbm LNG carriers at HSHI, backed by a charter with Poland’s dominant gas firm and LNG importer, PGNiG.

KSOE and its units keep wining orders this year on the back of high demand for LNG carriers and containerships.

The shipbuilding giant won orders for a total of 85 ships worth about $9.74 billion this year, achieving about 55.8 percent of its annual target.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year.

Most Popular

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

GTT clinches tank gig for Capital’s LNG-powered containerships

French LNG containment giant GTT has secured a tank design order for six Capital's LNG-fueled container 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.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

GTT clinches new LNG tank gig

France’s GTT has secured a new tank design order from HD Korea Shipbuilding & Offshore Engineering for one liquefied natural gas (LNG) carrier.