Hyundai Heavy nets new order for LNG carriers

South Korean shipbuilder Hyundai Heavy Industries has won a new contract to build liquefied natural gas (LNG) carriers.

Parent KSOE said in a filing to the stock exchange on Monday HHI would build two LNG carriers for an unidentified owner in Oceania.

Moreover, the deal has a price tag of about 438 billion won ($385 million).

The shipbuilder will deliver the 174,000-cbm LNG carriers by December 2023.

KSOE did not reveal any additional information.

Shipbuilding sources told LNG Prime that Evangelos Marinakis-led Capital Gas could be behind this order for two LNG carriers. This would bring the Greek company’s fleet to nine vessels.

The new order comes just weeks after HHI secured an order to build four 200,000-cbm LNG carriers for delivery in 2023 but also 2024.

Brokers said after this announcement that the yard would build these vessels for Greece’s Dynagas.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

YPF, Indian firms ink Argentina LNG deal

According to a statement by YPF, the firm signed the MoU with GAIL, Oil India, and ONGC Videsh...

More News Like This

LNG carrier orders climb in 2024

The data shows there were at least 78 orders for large LNG carriers in 2024. This compares to about 68...

CMA CGM pens LoI for LNG-fueled containerships

LNG Prime recently reported that CMA CGM was planning a new order. Sources said on Tuesday that CMA CGM has...

HD Hyundai Heavy starts work on Excelerate’s FSRU

US FSRU player Excelerate announced the steel-cutting ceremony for the 170,000-cbm FSRU (Hull 3407) on Monday. The ceremony took place...

HD Hyundai Heavy gets DNV OK for LNG carrier with three tanks

South Korean shipbuilder HD Hyundai Heavy Industries has received approval from classification society DNV for a new LNG carrier...