Hyundai Samho to build LNG carrier trio for about $765 million

South Korea’s Hyundai Samho Heavy Industries will build three LNG carriers for about $765 million under a new order revealed on Thursday.

Korea Shipbuilding & Offshore Engineering (KSOE) said that its unit Hyundai Samho will build the three LNG tankers for more than 1 trillion won ($765 million) or some $255 million per vessel, which is a record price for one 174,000 cbm LNG carrier.

The shipbuilder aims to deliver the three ships to an undisclosed North American owner by December 2027, KSOE said without revealing further information.

Shipbuilding sources told LNG Prime that Japan’s shipping giant NYK is most likely the owner behind this order.

Prior to this order, Hyundai Samho secured a contract to build two LNG carriers for about $253 per vessel for Greece’s Capital Gas.

In 2023, KSOE and its units won orders for 44 vessels, including eight LNG carriers, worth some $6.11 billion.

The group achieved about 39 percent of its annual order target of $15.7 billion.

- Advertisements -

Most Popular

Venture Global seeks more time to complete Calcasieu Pass LNG terminal

US LNG exporter Venture Global LNG has requested more time from the US FERC to complete the commissioning of...

First Gen seeks new LNG cargo for Batangas FSRU terminal

Power producer First Gen is seeking one spot LNG cargo for its FSRU-based import terminal in Batangas, Philippines. The firm...

Equinor seals 15-year LNG supply deal with India’s Deepak Fertilisers

Norway's Equinor and India's Deepak Fertilisers have signed a 15-year deal for supplies of liquefied natural gas (LNG) with...

More News Like This

MOL, Woodside, HD KSOE, and Hyundai Glovis ink LH2 pact

Japan's shipping firm MOL has joined forces with Australia's LNG player Woodside, South Korea's HD Korea Shipbuilding and Offshore...

NYK, Jera seal LNG carrier charter deal

Japan's shipping giant NYK and compatriot power firm and LNG importer Jera have signed a ten-year charter agreement for...

Alpha Gas takes delivery of LNG carrier Energy Endurance in South Korea

South Korea’s Hyundai Samho Heavy Industries has delivered the 174,000-cbm LNG carrier, Energy Endurance, to Greece’s Alpha Gas. Alpha Gas...

Qatar’s Nakilat orders LNG and LPG carriers in South Korea

Qatari LNG shipping giant Nakilat has placed orders worth about $955 million with South Korea's Hyundai Samho for the...