Hyundai Samho clinches single LNG carrier order

Hyundai Samho Heavy Industries has won a contract to build one liquefied natural gas (LNG) carrier, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said that the deal has a price tag of about 260.2 billion won ($218.3 million).

HSHI will deliver the 174,000-cbm LNG carrier by August 2024 to an unidentified Asian shipowner.

KSOE did not reveal any additional information.

Brokers said that Hyundai Glovis could be behind this order backed by a Woodside charter.

This new order for HSHI follows a contract for two 174,000-cbm LNG carriers each worth about $223.5 million.

In total, KSOE and its units won orders for a total of 37 ships worth about $4.37 billion.

KSOE has set a target for this year of $17.4 billion, compared to $14.9 billion last year. The shipbuilder secured in total $22.8 billion worth of orders during 2021.

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