Hyundai Samho to build LNG carrier duo for about $506 million

Hyundai Samho Heavy Industries has secured an order to build two LNG carriers for about $506 million, according to Korea Shipbuilding & Offshore Engineering.

KSOE said on Thursday its unit Hyundai Samho would build the two vessels for 626.7 billion won ($506 million) or some $253 million per vessel, which is a very high price.

The shipbuilder aims to deliver the ships to an undisclosed shipper in Oceania by November 2026, KSOE said without revealing further information.

This order comes just two days after KSOE revealed an order under which Hyundai Heavy will build three LNG carriers tied to Greece’s Dynagas, the first LNG carrier order in 2023.

Capital Gas behind the order?

Shipbuilding sources told LNG Prime that Greece’s Capital Gas, led by Evangelos Marinakis, is most likely behind this order for two 174,000-cbm LNG carriers.

Capital Gas ordered two 174,000-cbm LNG carriers at Hyundai Samho in June last year for about $240 million per vessel.

In September 2021, Capital Gas took delivery of the sixth newbuild LNG carrier, Asklipios, chartered by Cheniere.

New York-listed Capital Product Partners bought all of these six LNG carriers as well as the 174,000-cbm, Asterix I, scheduled for delivery this year.

Besides these seven LNG carriers, Capital Gas has seven more vessels on order in South Korea scheduled for delivery between 2023 and 2026, not including these two new LNG carriers, according to its website.

Last year, Capital Gas also bought the 138,000-cbm LNG carrier Trader, previously known as British Trader. Capital Gas renamed this vessel Trader II.

In addition to this vessel, brokers also reported that Capital Gas recently bought MISC’s 2002-built 137,000-cbm LNG carrier, Puteri Intan Satu, for about $30-$35 million.

Most Popular

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.

More News Like This

GTT clinches tank gig for Capital’s LNG-powered containerships

French LNG containment giant GTT has secured a tank design order for six Capital's LNG-fueled container vessels.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

HD Hyundai Samho scores contract to build LNG carrier quartet

South Korea’s HD Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.03 billion.

GTT clinches new LNG tank gig

France’s GTT has secured a new tank design order from HD Korea Shipbuilding & Offshore Engineering for one liquefied natural gas (LNG) carrier.