Samsung Heavy clinches order for LNG carrier duo

South Korean shipbuilding giant Samsung Heavy Industries has secured a new order to build two liquefied natural gas (LNG) carriers.

Samsung Heavy said on Tuesday it will build the LNG carriers for an unidentified owner in North America for 659.2 billion won ($509 million) or about $254.5 million per vessel.

The shipbuilder will deliver the two LNG carriers by February 2028.

Samsung Heavy did not provide any additional information regarding the contract.

Shipbuilding sources told LNG Prime that US energy giant Chevron is behind this order.

Prior to this order, Samsung Heavy secured a contract from Japan’s MOL to build two LNG carriers for about $258.5 million per vessel and two more LNG carriers for MOL for about $248 million per vessel.

Samsung Heavy and JGC also won a contract from Petronas to build the first nearshore FLNG with a capacity of about 2 million tonnes.

Including the FLNG contract worth about $1.5 billion and two crude carriers, Samsung Heavy secured orders worth some $3.2 billion this year, or about 34 percent of the order target of $9.5 billion.

The shipbuilder secured contracts worth about $9.4 billion in 2022, 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.

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.

Glencore seals LNG supply deal with China’s Shandong Order Group

China’s Shandong Order Group has signed a deal to buy liquefied natural gas (LNG) from a unit of Switzerland-based energy trader Glencore.

Venture Global LNG gets Calcasieu Pass approval from FERC

US LNG exporter Venture Global LNG has received approval from the US FERC to launch operations of its entire Calcasieu Pass LNG terminal in Louisiana.

More News Like This

Tokyo Gas to buy US shale gas stake from Chevron

Japan’s city gas supplier and LNG importer, Tokyo Gas, has agreed to buy a stake in a US shale gas development from energy giant Chevron.

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

Wan Hai Lines to switch methanol containership order to LNG fuel

Taiwan's Wan Hai Lines is working on switching an order placed in South Korea last year for eight methanol-powered containerships to LNG fuel, according to shipbuilding sources.

Samsung Heavy launches Petronas’ third FLNG

South Korea’s Samsung Heavy Industries has launched the hull of the third floating LNG production unit being built for Malaysian energy giant Petronas.