AsiaVessels

SHI to build one LNG carrier for about $249 million

By LNG Prime Staff
SHI to build one LNG carrier for about $249 million
For illustration only (Image: Samsung Heavy Industries)

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build one liquefied natural gas (LNG) carrier.

SHI said it would build the LNG carrier for an unidentified owner in Oceania for 331.3 billion won or about $249 million.

The shipbuilder plans to deliver the vessel by December 2025.

SHI did not reveal any additional information regarding the contract.

Prior to this single LNG carrier order, SHI won a contract from Seapeak to build five 174,000-cbm LNG carriers for nearly $1.1 billion.

Shipbuilding sources said that Denmark’s Celsius Tankers could be behind this order for a single LNG carrier.

Earlier this year, Celsius Tankers, a unit of Celsius Shipping, ordered one LNG carrier at SHI, boosting the orderbook to nine 180,000-cbm vessels at the Korean yard.

Including this newest contract, SHI secured orders worth about $9.4 billion this year, surpassing its target of $8.8 billion.

This includes 36 LNG carriers, marking a record for the largest number of orders for LNG carriers in a year for the shipbuilder.

In 2021, Samsung won orders worth $12.2 billion, surpassing its annual target of $9.1 billion by about $3.1 billion. The yard won contracts for 22 LNG carriers last year.

(Article updated to include more information regarding the owner.)

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