Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Hyundai Samho to build LNG carrier duo for $480 million

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

KSOE said on Wednesday that the deal has a price tag of about 617.3 billion won ($480 million) or about $240 million per vessel. This could be the highest-ever price for a 174,000-cbm LNG carrier.

HSHI will deliver the LNG carriers by March 2026 to an unidentified shipowner based in Oceania.

KSOE did not reveal any additional information.

Capital Gas behind the order?

Two shipbuilding sources told LNG Prime that Evangelos Marinakis-led Capital Gas has ordered these two LNG carriers.

Last year, Capital Gas ordered in total four 174,000-cbm LNG carriers at Hyundai Heavy and one at Hyundai Samho.

With this new order, the Greek company’s managed fleet would rise to 14 vessels.

Capital Gas also added two newbuilds to the fleet list posted on its website with delivery in January and March 2026.

They will feature ME-GA engines, such as the five newbuilds ordered last year, the company’s website shows.

To remind, Capital Product Partners recently said it purchased one 174,000-cbm newbuild carrier from its sponsor Capital Maritime & Trading Corp, boosting its fleet to seven LNG tankers.

The partnership agreed to exercise its right of first offer and buy the X-DF LNG carrier Asterix I from Evangelos Marinakis-led Capital Maritime & Trading.

Such as the first six LNG carriers which joined CPLP last year, Capital Gas manages the new LNG carrier as well.

Orders keep coming for KSOE and its units

This new order for HSHI follows a contract for two LNG carriers earlier this month.

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

The company won orders for a total of 111 ships worth about $13.54 billion this year, achieving about 77.6 percent of its annual target.

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

Most Popular

Update: Shell’s LNG Canada receives LNG cargo

Shell’s LNG Canada has received a cargo of liquefied natural gas as part of the commissioning and start-up phase.

Williams launches Transco pipeline expansions

US natural gas pipeline operator Williams has launched two fully contracted expansions of the existing Transco pipeline to meet growing domestic demand and LNG exports.

DOE gives further boost to US LNG exports

The US Department of Energy (DOE) has removed a regulatory barrier that required liquefied natural gas (LNG) projects to start export within seven years of receiving regulatory approval.

More News Like This

HD Hyundai Samho clinches $262 million LNG carrier order

South Korea’s HD Hyundai Samho has secured an order to build one liquefied natural gas (LNG) carrier for about $262 million.

Knutsen, Orlen name LNG carrier duo in South Korea

Norway’s Knutsen and Poland’s Orlen named two newbuild liquefied natural gas (LNG) carriers in South Korea.

HD Hyundai Samho kicks off work on Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Samho has officially started building Nakilat’s first of two LNG carriers as part of an order placed last year.

Capital sells LNG carrier for scrap

Greece's Capital Gas has sold one steam liquefied natural gas (LNG) carrier for scrap, according to brokers.