Hyundai Heavy to build four LNG carriers

South Korea’s shipbuilder Hyundai Heavy Industries will build four LNG carriers for an unidentified owner as part of a contract revealed on Tuesday.

HHI said in a filing to the stock exchange the deal has a price tag of about 887.6 billion won ($802 million).

Furthermore, the shipbuilder said it would deliver the LNG carriers to an owner based in Oceania by March 2024.

HHI did not reveal any additional information.

The yard’s previous order for three 174,000-cbm LNG carriers with Hyundai LNG Shipping had a price tag of about $191 million per vessel.

This means the four new carriers could be much larger and have a capacity of up to 200,000 cbm.

Brokers reported after this announcement that Greece’s Dynagas is behind the order.

HHI would build four 200,000-cbm LNG carriers for delivery in 2023 and 2024, according to brokers.

Most Popular

Cheniere plans to boost LNG export capacity to 100 mtpa

US LNG exporting giant Cheniere plans to boost its export capacity to about 100 mtpa via new expansion projects at its Sabine Pass and Corpus Christi LNG terminals.

Coastal Bend LNG plans large Texas export plant

Coastal Bend LNG said it had initiated development of a 22.5 million ton per annum (mtpa) natural gas liquefaction and export facility on the Texas Gulf Coast.

Golden Pass LNG contractors agree terms for second and third train

Japan's Chiyoda and US-based McDermott have signed a binding term sheet with Golden Pass LNG, a joint venture owned by QatarEnergy and ExxonMobil, to complete the construction of the second and third liquefaction units at the giant LNG export plant in Texas.

More News Like This

HD Hyundai Heavy tests BOG system on LNG-powered containership under construction

South Korean shipbuilder HD Hyundai Heavy has completed a test to verify the onshore recycling of boil-off gas (BOG) from an LNG dual-fuel container vessel currently under construction.

HD Hyundai Heavy scores LNG-powered containership order

South Korea's HD Hyundai Heavy Industries has secured an order to build eight LNG dual-fuel container vessels valued at about $1.76 billion.

GTT, HD Hyundai Heavy to advance LNG carrier design

French LNG containment firm GTT signed two joint development projects with South Korean shipbuilder HD Hyundai Heavy Industries, aimed at advancing the design of LNG carriers.

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.