Hyundai Samho to build LNG carrier duo for $480 million

Hyundai Samho Heavy Industries continues to win orders for LNG carriers and has secured a contract to build two vessels, according to its parent Korea Shipbuilding & Offshore Engineering.

KSOE said on Wednesday that the deal has a price tag of about 617.3 billion won ($480 million) or about $240 million per vessel. This could be the highest-ever price for a 174,000-cbm LNG carrier.

HSHI will deliver the LNG carriers by March 2026 to an unidentified shipowner based in Oceania.

KSOE did not reveal any additional information.

Capital Gas behind the order?

Two shipbuilding sources told LNG Prime that Evangelos Marinakis-led Capital Gas has ordered these two LNG carriers.

Last year, Capital Gas ordered in total four 174,000-cbm LNG carriers at Hyundai Heavy and one at Hyundai Samho.

With this new order, the Greek company’s managed fleet would rise to 14 vessels.

Capital Gas also added two newbuilds to the fleet list posted on its website with delivery in January and March 2026.

They will feature ME-GA engines, such as the five newbuilds ordered last year, the company’s website shows.

To remind, Capital Product Partners recently said it purchased one 174,000-cbm newbuild carrier from its sponsor Capital Maritime & Trading Corp, boosting its fleet to seven LNG tankers.

The partnership agreed to exercise its right of first offer and buy the X-DF LNG carrier Asterix I from Evangelos Marinakis-led Capital Maritime & Trading.

Such as the first six LNG carriers which joined CPLP last year, Capital Gas manages the new LNG carrier as well.

Orders keep coming for KSOE and its units

This new order for HSHI follows a contract for two LNG carriers earlier this month.

KSOE and its units keep wining orders this year on the back of high demand for LNG carriers and containerships.

The company won orders for a total of 111 ships worth about $13.54 billion this year, achieving about 77.6 percent of its annual target.

It has set a target for this year of $17.4 billion, compared to $14.9 billion last year.

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