AsiaContracts and TendersVessels

Hyundai Samho to build two LNG carriers for Asyad Shipping

By LNG Prime Staff
Hyundai Samho to build two LNG carriers for Asyad Shipping
For illustration only (Image: KSOE)

Hyundai Samho Heavy Industries has secured an order to build two LNG carriers for Oman’s Asyad Shipping, according to Korea Shipbuilding & Offshore Engineering.

KSOE said on Thursday its unit Hyundai Samho would build the two vessels for 650 billion won ($501 million) or some $250.5 million per vessel.

The shipbuilder aims to deliver the ships by June 2026.

Including this contract, KSOE and its units received orders for a total of 197 vessels worth $23.9 billion this year.

KSOE now achieved 137 percent of its annual order target of $17.4 billion.

According to Asyad Shipping’s website, the company operates a total of six LNG ships to support the transportation of LNG produced at the Qalhat complex in Oman.

The latest addition to its fleet was the 162,000-cbm Adam LNG, built in 2014 by Hyundai Heavy Industries.

Most Popular

Research and Development

Knutsen working on nuclear-powered LNG tanker

Norwegian owner Knutsen is exploring the possibility of retrofitting a small nuclear reactor on its steam liquefied natural gas (LNG) carrier.
Contracts and Tenders

ExxonMobil pens HoA to supply South African LNG terminal

Zululand Energy Terminal announced on Wednesday that it has signed the initial agreement with ExxonMobil South Africa LNG, an...
Contracts and Tenders

Hanwha Ocean inks MoU with Kanata for Canadian FLNG project

South Korea's Hanwha Ocean has entered into a non-binding memorandum of understanding with Canada's Kanata Clean Power & Climate Technologies to cooperate on a 12 mtpa floating liquefied natural gas export project planned for Prince Rupert, British Columbia. The project is expected to cost $15.7 billion.

More News Like This

Vessels

Asyad Shipping and MOL sell steam LNG carrier

Oman's Asyad Shipping and Japan's MOL have sold their jointly-owned 2001-built steam liquefied natural gas carrier, Sohar LNG.
Research and Development

Trio to work on new LNG carrier design

Classification society Lloyd’s Register (LR) has joined forces with South Korea's HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries to develop a new generation of LNG carrier designs using hybrid electric propulsion.
Vessels

Asyad Shipping names LNG carrier duo in South Korea

Oman's Asyad Shipping has named two newbuild liquefied natural gas (LNG) carriers in South Korea.
Contracts and Tenders

BW confirms new LNG carrier move

BW LNG, a unit of Singapore-based gas shipping giant BW, confirmed that it has ordered two new three-tank LNG carriers from South Korea’s HD Hyundai Samho.