Hyundai Heavy to build LNG carrier trio worth about $783 million

South Korean shipbuilder Hyundai Heavy Industries has won a contract to build three liquefied natural gas (LNG) carriers worth about $783 million.

Parent KSOE said on Tuesday HHI would build the 200,000-cbm LNG carriers for an unidentified owner in Oceania and deliver them by November 2026.

According to KSOE, the contract has a price tag of 971.4 billion won ($783 million) or $261 million per vessel, which is a record price.

The LNG carriers would be 299.8 meters long and 48.9 meters wide.

This is the first LNG carrier order for KSOE and its units for 2023.

It is also the first order for large LNG carriers in 2023 announced by any Korean or Chinese shipyard.

Dynagas ordered the LNG carriers?

Shipbuilding sources told LNG Prime that Greece’s Dynagas is likely behind this order for the three LNG carriers.

Dynagas also ordered four 200,000-cbm LNG carriers at Hyundai Heavy in 2021 and three 200,000-cbm vessels last year.

The three vessels ordered in March last year are each worth about $234 million, some $27 million less compared to this newest order.

Most Popular

Venture Global’s CP2 LNG to start mobilization and site preparation

Venture Global LNG's CP2 LNG has received approval from the US FERC to start mobilization and other limited activities for the LNG project in Louisiana.

BP seals LNG SPA with India’s Torrent Power

A unit of UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with India's Torrent Power.

Cheniere kicks off Sabine Pass LNG maintenance

US LNG exporting giant Cheniere has started planned maintenance at its Sabine Pass LNG export facility in Louisiana.

More News Like This

Purus orders LNG carrier in South Korea

London-based Purus Marine has ordered one 180,000-cbm liquefied natural gas (LNG) carrier in South Korea.

HD Hyundai Samho bags new LNG-powered containership order

South Korea’s HD Hyundai Samho has secured a new order to build LNG-fueled container vessels.

HD Hyundai Heavy starts building Nakilat’s LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building Nakilat’s first of 17 LNG carriers as part of an order placed last year.

EPS LNG-powered tankers to feature HD KSOE’s pumps

Singapore-based Eastern Pacific Shipping (EPS) has joined forces with South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to install the latter’s pumps and vaporizer skids on LNG-powered Aframax tankers.