SHI to build one LNG carrier for about $249 million

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.)

- Advertisements -

Most Popular

Chevron working to resume full Gorgon LNG production after ‘mechanical fault’

Chevron Australia, a unit of US energy giant Chevron, is working to resume full production from its Gorgon LNG...

MOL’s LNG carrier fleet to grow to 104 vessels by March 2025

Japan's shipping giant MOL expects its huge fleet of liquefied natural gas (LNG) carriers to increase to 104 vessels...

HD Hyundai Heavy secures contract to build LNG carrier duo

South Korean shipbuilder HD Hyundai Heavy Industries has won a contract to build two liquefied natural gas (LNG) carriers...

More News Like This

CMA CGM’s LNG-powered containership named in South Korea

South Korea's Samsung Heavy Industries has hosted a naming ceremony at its yard in Geoje for CMA CGM's LNG-powered...

New LNG carrier joins Celsius fleet

South Korea’s Samsung Heavy Industries has hosted a naming ceremony for one 180,000-cbm LNG carrier it built for Denmark’s...

South Korean yards built 500 LNG carriers for export in 30 years

South Korean yards have completed 500 liquefied natural gas (LNG) tankers for export since 1994, according to the Ministry...

Cedar LNG issues notice to proceed to SHI and Black & Veatch, expects FID by mid-2024

Canada’s Pembina Pipeline and the Haisla Nation have issued a notice to proceed to Samsung Heavy Industries and Black...