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

Nigeria LNG seals long-term gas supply deals

LNG producer Nigeria LNG, a joint venture of NNPC, Shell, TotalEnergies, and Eni, has signed six long-term gas agreements to secure supplies for its Bonny Island plant, including the terminal's expansion.

Spot LNG shipping rates slightly up this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet rose slightly this week compared to the previous week.

Gastrade in talks to receive new LNG cargoes at Alexandroupolis FSRU

Greece's Gastrade is in talks with firms to receive the next spot LNG cargoes at the Alexandroupolis FSRU-based terminal since the shutdown in January this year.

More News Like This

NYK, partners take delivery of QatarEnergy LNG carrier

Japan’s NYK and its partners K Line, Malaysia’s MISC, and China’s CLNG have taken delivery of a 174,000-cbm LNG carrier built under the massive QatarEnergy shipbuilding program.

HD Hyundai Heavy kicks off work on Gdansk FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has officially started building MOL's floating storage and regasification unit (FSRU), which will serve Gaz-System's Gdansk LNG project in Poland.

Excelerate’s FSRU launched in South Korea

South Korean shipbuilder HD Hyundai Heavy Industries has launched Excelerate Energy’s new floating storage and regasification unit (FSRU).

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.