HD Hyundai Samho kicks off work on Nakilat’s LNG carrier

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

The shipbuilder held the steel-cutting ceremony for the LNG carrier (Hull No. 8262) on February 21, according to Nakilat.

Nakilat said this marks the construction start of six gas carriers at HD Hyundai Samho.

In January 2024, Nakilat placed orders worth about $955 million with HD Hyundai Samho for the construction of two LNG tankers and four LPG carriers.

The LNG carriers will each have a capacity of 174,000 cubic meters, while the very large LPG/ ammonia gas carriers will each have a capacity of 88,000 cbm.

Nakilat will take delivery of these vessels between 2026 and 2027.

In addition to these vessels, South Korean shipbuilder Hanwha Ocean recently started building Nakilat’s first of eight LNG carriers under the massive QatarEnergy shipbuilding program.

Last year, state-run LNG giant QatarEnergy signed time charter agreements with Nakilat for 25 conventional-size LNG carriers as part of the second phase of its massive shipbuilding program.

Seventeen of the 25 LNG vessels are being constructed at the Hyundai Heavy Industries (HHI) shipyards in South Korea, while the remaining eight are being constructed at Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering.

Hanwha Ocean will deliver these vessels by January 2028.

In addition to these 174,000-cbm vessels, QatarEnergy also signed a time charter and operation agreement with Nakilat for nine 271,000-cbm LNG carriers.

The nine QC-Max vessels will be constructed at China’s Hudong-Zhonghua.

Nakilat has 36 LNG carriers and four LPG/ammonia carriers on order.

The total vessel count in the company’s fleet will reach 114 once all the vessels are delivered, including 105 LNG carriers.

Most Popular

Venture Global secures $3 billion bank loan for CP2 LNG

US LNG exporter Venture Global LNG has secured a $3 billion bank loan facility for its proposed CP2 LNG project in Louisiana.

PAE, Golar, and partners take FID on Argentina FLNG project

Pan American Energy, Golar LNG, YPF, Pampa Energia, and Harbour Energy have taken a final investment decision for the Southern Energy floating liquefied natural gas export project in Argentina.

Atlantic LNG shipping rates rise above $40,000 per day

Atlantic LNG freight shipping rates rose above $40,000 per day this week, while European prices decreased compared to last week.

More News Like This

Nakilat’s Q1 profit up 3.2 percent

Qatari LNG shipping giant Nakilat said its net profit increased 3.2 percent in the first quarter compared to last year.

HD Hyundai Samho secures LNG-powered containership order

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

Wan Hai Lines makes LNG fuel switch for eight containerships

Taiwan's Wan Hai Lines has decided to change an order placed for methanol-ready containerships in South Korea to enable the vessels to run on LNG fuel, according to shipbuilding sources.

HD Hyundai Samho clinches $262 million LNG carrier order

South Korea’s HD Hyundai Samho has secured an order to build one liquefied natural gas (LNG) carrier for about $262 million.