Hyundai Heavy to build LNG carrier trio worth about $783 million

South Korean shipbuilder Hyundai Heavy Industries has won a contract to build three liquefied natural gas (LNG) carriers worth about $783 million.

Parent KSOE said on Tuesday HHI would build the 200,000-cbm LNG carriers for an unidentified owner in Oceania and deliver them by November 2026.

According to KSOE, the contract has a price tag of 971.4 billion won ($783 million) or $261 million per vessel, which is a record price.

The LNG carriers would be 299.8 meters long and 48.9 meters wide.

This is the first LNG carrier order for KSOE and its units for 2023.

It is also the first order for large LNG carriers in 2023 announced by any Korean or Chinese shipyard.

Dynagas ordered the LNG carriers?

Shipbuilding sources told LNG Prime that Greece’s Dynagas is likely behind this order for the three LNG carriers.

Dynagas also ordered four 200,000-cbm LNG carriers at Hyundai Heavy in 2021 and three 200,000-cbm vessels last year.

The three vessels ordered in March last year are each worth about $234 million, some $27 million less compared to this newest order.

Most Popular

Venture Global seeks FERC OK to place first Plaquemines LNG phase in service

Venture Global's Plaquemines LNG is seeking approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.

US LNG exports rise to 37 shipments

US liquefied natural gas (LNG) plants sent 37 cargoes during the week ending September 30, up four shipments from the previous week, according to the Energy Information Administration.

Samsung Heavy nets order for two LNG carriers

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build two liquefied natural gas (LNG) carriers for approximately $494 million.

More News Like This

CLdN orders LNG-powered duo in South Korea

Luxembourg-based CLdN has ordered two new LNG dual-fuel RoRo vessels from South Korea's HD Hyundai Heavy Industries.

HD Hyundai Heavy secures DNV OK for LNG bunkering vessel

South Korean shipbuilder HD Hyundai Heavy Industries has secured approval in principle from classification society DNV for a new 12,000-cbm LNG bunkering vessel design.

HD Hyundai Heavy gets DNV OK for giant LNG carrier

South Korean shipbuilder HD Hyundai Heavy Industries has secured approval in principle from classification society DNV for its new 271,000-cbm LNG carrier design.

Tsakos books LNG carrier at HD Hyundai Heavy

Greek shipowner Tsakos Energy Navigation (TEN) has ordered one liquefied natural gas (LNG) carrier from South Korean shipbuilder HD Hyundai Heavy Industries.