AsiaContracts and TendersVessels

Hyundai Samho clinches single LNG carrier order

By LNG Prime Staff
Hyundai Samho clinches single LNG carrier order
For illustration only (Image: Hyundai Samho Heavy Industries)

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.

Most Popular

Vessels

South Korea’s Samsung Heavy clinches another LNG carrier order

South Korean shipbuilding giant Samsung Heavy Industries has secured an order to build another liquefied natural gas (LNG) carrier for approximately $252 million.
LNG Terminals

Cedar FLNG launched in South Korea

South Korea’s Samsung Heavy Industries has launched Cedar LNG's floating LNG production unit, which will be installed in Kitimat on Canada’s West Coast.
LNG Terminals

Glenfarne expects Alaska LNG project to cost up to $54.5 billion

US energy firm Glenfarne expects both phases of the Alaska LNG project to cost up to $54.5 billion.

More News Like This

Research and Development

Trio to work on new LNG carrier design

Classification society Lloyd’s Register (LR) has joined forces with South Korea's HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Heavy Industries to develop a new generation of LNG carrier designs using hybrid electric propulsion.
Vessels

Asyad Shipping names LNG carrier duo in South Korea

Oman's Asyad Shipping has named two newbuild liquefied natural gas (LNG) carriers in South Korea.
Contracts and Tenders

BW confirms new LNG carrier move

BW LNG, a unit of Singapore-based gas shipping giant BW, confirmed that it has ordered two new three-tank LNG carriers from South Korea’s HD Hyundai Samho.
Vessels

BW orders LNG carrier duo at HD Hyundai Samho

BW LNG, a unit of Singapore-based gas giant BW, has ordered two LNG carriers from South Korea’s HD Hyundai Samho. These vessels are expected to feature three tanks instead of four, according to shipbuilding sources.