Hyundai Heavy, Hyundai Samho win orders for 10 LNG carriers worth about $2.2 billion

South Korean shipbuilders Hyundai Heavy Industries and Hyundai Samho Heavy have won orders to build in total ten LNG carriers worth about $2.2 billion.

Parent KSOE said on Thursday HHI would build eight while HSHI would build two 174,000-cbm LNG carriers.

The HHI LNG carriers are worth about 2.23 trillion won ($1.71 billion), or some $214 million per vessel.

HHI will build these ships for a European owner and deliver them by November 2026.

KSOE did not reveal whether this order is related to the giant Qatari shipbuilding program but the price is almost the same as the previous two HHI won from an European firm and tied to Norway’s Knutsen.

Two shipbuilding sources told LNG Prime that Knusten had ordered these eight LNG carriers as well.

Samsung Heavy also recently announced an order for 12 LNG carriers with a similar price and related to the Qatari program.

QatarEnergy previously signed deals with South Korea’s biggest three shipbuilders, including DSME, Hyundai Heavy, and Samsung Heavy, to secure more than 100 vessels worth about $19.2 billion.

DSME also won four LNG carrier orders related to this program.

Sources previously said that more announcements are expected to follow as QatarEnergy has declared 18 slots each at DSME and Samsung Heavy as well as 17 slots at HHI under the program.

LNG carrier duo at HSHI worth about $491 million

As per the HSHI ships, they have a price tag of 637.1 billion won ($491 million), or some $245 million per vessel, which is a very high price for a single LNG carrier.

HSHI would build these ships for an Oceania-based owner and deliver them by August 2026, KSOE said.

Sources said that Greece-based shipping firm TMS Cardiff Gas is behind this order for two LNG carriers.

According to KSOE, all of the LNG carriers will have 299 meters in length, 46.4 meters in width, and 26.5 meters in height.

The firm and its units have won orders for in total 34 LNG carriers this year.

(Article updated to add more information regarding the owners behind the orders.)

- Advertisements -

Most Popular

Venture Global’s Plaquemines LNG inks gas supply deal

Venture Global LNG's Plaquemines LNG has signed a natural gas sale and purchase deal with Houston-based midstream gas marketer...

Venture Global’s Plaquemines LNG gets OK to introduce gas to GTG

US LNG exporter Venture Global LNG has received approval from US energy regulators to introduce natural gas to the...

Yamal LNG cargo delivered to China via NSR

Russian LNG exporter Novatek has delivered this year's first Yamal LNG cargo via the eastern part of the Northern...

More News Like This

CMA CGM orders 12 LNG-powered containerships in South Korea

French shipping giant CMA CGM, one of the world’s largest backers of LNG as fuel, has ordered 12 LNG...

HD Hyundai Samho expands berthing capacity to address rise in ship orders

South Korean shipbuilder HD Hyundai Samho has expanded its berthing facilities to address the increase in orders for ships,...

Malaysia’s Petronas adds new vessels to its fleet as LNG Canada launch nears

Malaysian energy giant Petronas has added three new liquefied natural gas (LNG) carriers to its fleet as it prepares...

GTT scores tank gig for MOL’s FSRU

French LNG containment giant GTT has secured an order from South Korea’s HD Hyundai Heavy Industries for one floating...