Hyundai LNG Shipping places another LNG carrier order at DSME

South Korean shipowner Hyundai LNG Shipping has ordered another LNG carrier from compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering.

The contract for the 174,000-cbm LNG carrier has a price tag of 227.8 billion won ($197.9) million), DSME said in a statement on Monday.

In addition, the Korean shipbuilder will deliver the vessel by the end of May 2024.

This order follows a similar contract the duo revealed in May this year for one LNG carrier that will go on charter to Spain’s Repsol.

According to DSME, this vessel will also serve Repsol under a long-term charter deal.

The vessel will feature MAN ME-GI propulsion and a reliquefaction system.

DSME has this year won about $6.33 billion in orders for 41 ships. These include very large crude carriers, LPG carriers, containerships, two LNG carriers, and one wind turbine installation vessel (WTIV).

Most Popular

Japan remains top LNG tanker owner

Japan owns the world’s most valuable and largest fleet of LNG carriers, and the nation is followed by Greece...

Argentina’s YPF to announce European LNG deals

This was revealed by Guillermo Francos, Argentina's cabinet chief within President Javier Milei's administration, via his official X account...

Venture Global gets OK to introduce gas to seventh Plaquemines liquefaction block

The US FERC approved Venture Global Plaquemines LNG’s request from January 22 to commission and introduce hazardous fluids to...

More News Like This

Hyundai LNG Shipping’s steam carrier sold for demolition

Brokers said the Moss-type 127,137-cbm LNG carrier was sold on “as is” basis for delivery in Singapore. The price is...

PaxOcean, Hyundai LNG Shipping ink partnership deal

According to a social media post by PaxOcean, the deal was signed in Batam, Indonesia, on December 25, 2024. "This...

Greece’s Maran Gas to order more LNG carriers in South Korea

Sources told LNG Prime on Thursday that the deal includes two 174,000-cbm LNG carriers powered by ME-GI engines. Hanwha Ocean...

Hanwha Ocean scores $1.26 billion order for LNG-powered containerships

Hanwha Ocean said on Thursday it will build six containerships with a capacity of 15,000 teu. The order is worth...