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

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

More News Like This

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

HD Hyundai Heavy lays keel for Excelerate’s FSRU

South Korean shipbuilder HD Hyundai Heavy Industries has laid the keel for Excelerate Energy's new floating storage and regasification...

HD Hyundai Heavy to install new type of engine on Excelerate’s FSRU

Excelerate Energy's new floating storage and regasification unit (FSRU), which is currently under construction at South Korean shipbuilder HD Hyundai Heavy Industries, will feature the world’s first H54DF HiMSEN engine.

CMA CGM orders 12 LNG-powered containerships at HD Hyundai Heavy

HD Hyundai Heavy's parent KSOE announced on Thursday that HD Hyundai Heavy will build 12 vessels with a capacity...